SSgA launches nine ETFs on Xetra

State Street Global Advisors (SSgA) has announced the launch of nine ETFs on Deutsche Börse’s trading platform Xetra. The funds will offer investors access to sectors of the S&P 500 Select Sector index family.

The funds cover the sectors  consumer discretionary, consumer staples, energy, financials, healthcare, industrials, materials, technology and utilities sectors of the S&P 500 index. All indices are weighted by market capitalisation.

Alexis Marinof, head of SPDR ETFs for Europe, Middle East and Africa (EMEA) commented, “The US sectors funds have proved a success in the US and now European investors have access to UCITS vehicles that share the same benchmark and total expense ratio (TER) as their US domiciled cousins.”

“Sector indices have historically displayed higher return dispersion and more discrete exposures than style indices such as large cap, small cap and value. With markets anticipating the first US interest rate hike of the economic cycle later this year, these US sector ETFs help investors to balance the potential for risk and return in their portfolios” he adds.

Mona Dohle
Mona Dohle speaks German and Dutch and is DACH & Benelux Correspondent for InvestmentEurope.
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