Not to be outdone by the likes of Rydex
and newcomer WisdomTree
, established ETF expert State Street
has joined a veritable parade of firms brandishing new exchange traded products over the last week or two.
The Boston-based corporation confirmed on Thursday that it's launched six new exchange-traded funds, according to Reuters
. These include the SPDR Metals and Mining
, SPDR Retail
, SPDR Pharmaceuticals
, SPDR Oil & Gas Equipment & Services
, SPDR Oil & Gas Exploration & Drilling
, and the streetTRACKS KBW Regional Banking
ETF. Benchmarked according to the S&P Select Industry Indices, the new funds are listed on the American Stock Exchange
. With 65 ETFs and about $90 billion in ETF assets, State Street now holds almost one fifth of ETF market globally.
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