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
, Money Management Executive
and Seeking Alpha
all reported on the news.
The three new ETFs all boast an expense ratio of 35 basis points.
Neil Anderson, Managing Editor
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