MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, February 6, 2006 State Street Adds Three ETFs State Street Global Advisors has introduced three new exchange-traded funds that track the performance of the biotechnology, home construction and semiconductor industries. The SPDR Biotech, SPDR Homebuilders and SPDR Semiconductor, which began trading Monday on the American Stock Exchange, are benchmarked against the Standard & Poor’s Select Industry Indexes. State Street officials cited the three sectors as among the economy’s key growth drivers in recent years. "The introduction of these ETFs demonstrates our ability to provide investors with a cost-effective and simple method of trading distinct slices of the US economy," said Jim Ross, co-head of SSgA’s Advisor Strategies, in a statement Monday’s launch follows the Boston-based firm’s rollout of nine ETFs in November, including the SPDR Dividend ETF. Printed from: MFWire.com/story.asp?s=11223 Copyright 2006, InvestmentWires, Inc. All Rights Reserved |