Is now a good time to launch a new series of ETFs? It depends on your perspective.
One view is that a downward-trending market is a less-than-ideal moment to attempt to gain enthusiasm for a new family of ETFs. The opposing view is that the timing is near-perfect, as the majority of troubles have already been flushed out of the market.
(STT - Get Report)
forged ahead with the launch of 10 new SPDR ETFs. Each fund is sector-specific and adds an international flavor.
"These ETFs were developed in response to demand from investors seeking targeted exposure to sectors that do not include U.S.-listed securities," said James Ross, senior managing director at State Street Global Advisors.
These international sector ETFs are benchmarked to a series of S&P broad market indices, and cover a range of sectors, such as energy, technology, materials and financials. Each is market-cap weighted and includes only non-U.S. holdings.
Scanning the new
SPDR S&P International Energy Sector ETF
, the fund contains top foreign names such as
(BP - Get Report)
Royal Dutch Shell
(SU - Get Report)
Canadian Natural Resources
(IMO - Get Report)
Looking at the
SPDR S&P International Financial Sector ETF
, investors will see holdings that include
(UBS - Get Report)
Credit Suisse Group
(CS - Get Report)
Fine-Tuning Asset Allocation
|SPDR S&P International Consumer Discretionary Sector ETF
|SPDR S&P International Consumer Staples Sector ETF
|SPDR S&P International Financial Sector ETF
|SPDR S&P International Health Care Sector ETF
|SPDR S&P International Industrial Sector ETF
|SPDR S&P International Materials Sector ETF
|SPDR S&P International Technology Sector ETF
|SPDR S&P International Telecommunications Sector ETF
|SPDR S&P International Utilities Sector ETF
|SPDR S&P International Energy Sector ETF
The advancement of foreign markets, coupled with expanded media coverage, has captured the attention of the investing community.
"International equities have been a very fast-growing segment of the ETF world," says Tom Anderson, head of ETF research for State Street Global Advisors. "These new funds are another tool that will allow you to get that foreign equity exposure."