State Street Global Advisors the asset management arm of State Street Corporation today announced it has cross-listed a further nine of its US equity sector UCITS ETFs, as well its Multi Asset Global Infrastructure UCITS ETF on the SIX Swiss Exchange….
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Alexis Marinof, head of SPDR ETFs for Europe, Middle East and Africa (EMEA)
The US equity sector funds cover the consumer discretionary, consumer staples, energy, financials, healthcare, industrials, materials, technology and utilities sectors of the S&P 500 index; and provide investors with the opportunity to manage their US sector exposures through different stages of the economic cycle whether it be recovery, expansion, slowdown or recession.
The Multi Asset Global Infrastructure fund allows investors to access the publicly available infrastructure universe in one trade. The fund, which launched earlier this year, is the world’s first infrastructure ETF to offer investors combined exposure to both infrastructure equities and bonds.
Alexis Marinof, head of SPDR ETFs for Europe, Middle East and Africa (EMEA) commented, “We recognise the need to make available a suitable and diverse range of ETFs that will support current client demands. Sector indices have historically displayed higher return dispersion and more discrete exposures than style indices such as large cap, small cap and value. With the first US interest rate hike of the economic cycle later this year still a possibility, these US sector ETFs allow investors to balance the potential for risk and return in their portfolios.”
Marinof continued, “Our Multi Asset Global Infrastructure fund aims to fill a clear need in the market at a time when investor interest in infrastructure is strong. Many investors don’t have the scale needed to invest in unlisted infrastructure or directly into debt securities, making it difficult for smaller investors to get exposure. This fund aims to help smaller investors gain access to this asset class by offering a regulated, open-ended vehicle through our ETF. It can also help larger investors who have an allocation to direct infrastructure, by offering a temporary home for committed, but uncalled capital.”
|SPDR S&P U.S. Consumer Discretionary Select Sector UCITS ETF|
|SPDR S&P U.S. Consumer Staples Select Sector UCITS ETF|
|SPDR S&P U.S. Energy Select Sector UCITS ETF|
|SPDR S&P U.S. Financials Select Sector UCITS ETF|
|SPDR S&P U.S. Health Care Select Sector UCITS ETF|
|SPDR S&P U.S. Industrials Select Sector UCITS ETF|
|SPDR S&P U.S. Materials Select Sector UCITS ETF|
|SPDR S&P U.S. Technology Select Sector UCITS ETF|
|SPDR S&P U.S. Utilities Select Sector UCITS ETF|
|SPDR® Morningstar Multi Asset Global Infrastructure UCITS ETF|