State Street spins new SPDRs

State Street Global Advisors of Boston today announced the launching of 10 international-sector SPDR exchange traded funds. These offerings bring to 80 the number of ETFs offered by SSgA, including 31 that provide access to global and international markets. The 10 new international-sector SPDR ETFs are use as benchmarks a series of the S&P World ex-U.S. broad market indexes. The ETFs are market-cap weighted, include only non-U.S. holdings and use the widely recognized Global Industry Classification Standard. “Developed in response to demand from investors seeking targeted exposure to sectors that do not include U.S.-listed securities, our international-sector SPDR ETFs offer the opportunity to make precise, cost-effective tactical and strategic allocations that can help manage portfolio risk and improve returns,” James Ross, senior managing director at SSgA, said in a statement.