Fund action - Tuesday, January 8, 2008
State Street Builds Out Int’l ETF Line
State Street Global Advisors has filed for two international exchange-traded funds that are also choose stocks by market capitalization. The SPDR S&P International Mid Cap ETF and SPDR S&P Emerging Markets Small Cap ETF will be just the third and fourth such funds from SSgA. The firm already has a SPDR S&P International Small Cap ETF, which has $157 million in assets according to Citigroup, and a SPDR Russell/Nomura Small Cap Japan ETF, which has $108 million in assets.
SSgA’s funds are the only ETFs that offer broad-based international funds by cap size. WisdomTree Investments also offer international ETFs by cap size, but those funds are part of its specialized dividend-weighted line.
An SSgA spokesman declined to comment, citing SEC filing rules. Fees for the new funds are not listed.
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