Infrastructure

International Utilities ETF Launch From State Street (STT, IPU)

Douglas A. McIntyre
Published:
Last Updated:

State_street_ssga_logo_9State Street Corporation (NYSE: STT) announced that its State Street Global Advisors unit is launching 10 new SPDR exchange-traded funds, which are supposed to begin trading on the American Stock Exchange today.

SPDR(R) S&P(R) International Utilities Sector ETF (AMEX: IPU)      

  • This index includes more than 130 non-US utility companies with market caps of at least $100 million.

These ETF’s are benchmarked to a series of the S&P(R) World ex-U.S. Broad Market Indices, which are market cap weighted with only non-US holdings.  The expense ratio on each of these ten ETF’s is listed as 0.50%.

Jon C. Ogg
July 22, 2008

Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)

Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.

Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.

Click here now to get started.
Read more: Infrastructure, ETFs and Mutual Funds, utilities

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.