According to the announcement, SPDR S&P International Small Cap ETF Index includes companies with market capitalizations below $2 billion domiciled in developed countries outside the U.S., and has an expense ratio of 0.60%. According to State Street, it is the first capitalization-weighted vehicle covering international small cap equities.
The SPDR S&P World ex-US ETF Index includes more than 5,000 companies domiciled in developed countries outside the U.S., including Canada, and has an expense ratio of 0.35%.
The two new SPDRs bring the total of State Street’s family of US-listed ETFs to 53 funds, the company said. The new funds will begin trading on the American Stock Exchange on Thursday.