State Street Adds Six Emerging Markets ETFs

According to the announcement, the six ETFs, which will begin trading on the American Stock Exchange on Friday, are based on the S&P/Citigroup Global Equity Indices.

The new offerings are:

• SPDR  S&P Emerging Markets ETF (GMM): Index includes more than 1,500 companies across 26 emerging countries.
• SPDR S&P Emerging Latin America ETF (GML): Index includes companies domiciled in Argentina, Brazil, Chile, Columbia, Mexico, Peru, and Venezuela.
• SPDR S&P Emerging Middle East & Africa ETF (GAF): Index includes companies domiciled in Egypt, Israel, Jordan, Morocco, Nigeria, and South Africa.
• SPDR S&P Emerging Europe ETF (GUR): Index features companies in countries that are nearing acceptance into the EU, including Czech Republic, Hungary, Poland, Russia, and Turkey.
• SPDR S&P Emerging Asia Pacific ETF (GMF): Index includes companies domiciled in China, India, Indonesia, Malaysia, Pakistan, the Philippines, Taiwan, and Thailand.
• SPDR S&P China ETF (GXC): Underlying index includes over 150 companies domiciled in China

“ Developed in response to investor demand, our new international SPDRS provide distinct exposure to virtually the entire emerging markets universe, several key regions, including China, “  said James Ross, senior managing director of State Street Global Advisors, in the announcement. “The regional SPDRS are designed to provide a level of diversification unavailable in more concentrated country-specific approaches, and the SPDR S&P China ETF covers a much larger range of the Chinese equity market than any of the country ‘ s other benchmarks.”