“As a leading manager of industry and sector ETFs, we are constantly reviewing the SPDR ETF offering to improve access to a wide range of asset classes,” said James Ross, senior managing director and global head of SPDR Exchange Traded Funds at State Street Global Advisors. “In addition to unifying our industry SPDR ETFs around a single index provider, the new S&P indices offer investors greater diversification and a rules-based methodology that enhances transparency.”The S&P Select Industry Indices are designed to measure the performance of various Global Industry Classification Standard (GICS ®) sub-industries, the most detailed level of industry definition. Constituent stocks are members of the S&P Total Market Index, which includes all common equities listed on the NYSE and the NASDAQ US exchanges. Each index in the series comprises a minimum of 35 liquid securities, providing an investable portfolio representing a concentrated industry.
State Street Global Advisors Announces New Benchmarks For Five SPDR® ETFs
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