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Friday, September 30, 2011

SSgA Flies in Three New SPDRs

News summary by MFWire's editors

State Street Global Advisors [see profile] just launched three new exchange-traded funds. Yesterday the Boston-based mutual fund firm released the SPDR S&P Aerospace & Defense ETF (XAR), the SPDR S&P Health Care Services ETF (XHS) and the SPDR S&P Software & Services ETF, boosting its industry and sector SPDR count to 44, with $58 billion in assets (out of $266 billion in SPDR assets worldwide).

ETF Daily News, ETF Guide, ETF Trends, IndexUniverse, Money Management Executive and Seeking Alpha all reported on the news.

The three new ETFs all boast an expense ratio of 35 basis points. 

Edited by: Neil Anderson, Managing Editor

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