State Street Global Advisors has two new exchange-traded funds that began trading on the New York Stock Exchange Arca on Feb. 28.
The new SPDR ETFs are designed to provide investors with an opportunity to tap into the growth potential of emerging market and international equities.
The SPDR MSCI EM 50 ETF seeks to track the performance of the MSCI EM 50 Index. The Index is a free float-adjusted market capitalization- weighted index that includes 50 of the largest MSCI Emerging Markets Index constituents. To enhance liquidity, the Index applies eligibility screens that exclude smaller emerging market countries and replaces constituent securities for selected markets with depositary receipts. The SPDR MSCI EM 50 ETF expense ratio is 0.50 percent.
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