SSgA Releases Six New SPDRs
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Friday, June 23, 2006

SSgA Releases Six New SPDRs

Not to be outdone by the likes of Rydex, ProShares 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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