A news release said the three ETF offerings will seek to track the performance of a series of S&P Select Industry indexes, which are designed to measure the performance of narrow Global Industry Classification Standard (GICS) sub-industries.
Constituent stocks are members of the S&P Total Market Index, which includes all common equities listed on the NYSE and the NASDAQ U.S. exchanges.
“Our family of exchange traded funds continues to expand to meet the needs of a growing number of investors and financial professionals who rely on SPDR ETFs to implement a variety of asset allocation strategies and enhance the diversification of their portfolios,” said James Ross, senior managing director and global head of SPDR Exchange Traded Funds at State Street Global Advisors, in the announcement.
The newest offerings bring State Street’s family of SPDR ETFs in the U.S. to 96, according to the company.
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