SSgA launches emerging-markets ETF

State Street Global Advisors of Boston today launched the SPDR S&P Emerging Markets Small Cap ETF on the New York-based American Stock Exchange. The SPDR S&P Emerging Markets Small Cap ETF seeks to track S&P/Citigroup Emerging Market Small Cap < $2 Billion Index, which includes more than 1,600 companies with market capitalizations below $2 billion domiciled in 26 countries. The ETF will have an expense ratio of 0.65%. “The SPDR S&P Emerging Markets Small Cap ETF is a key addition to our growing family of SPDR ETFs,” James Ross, a senior managing director at SSgA, said in a statement. “In addition to helping investors further diversify an international-equity portfolio, [the ETF] offers access to a market segment that has been the source of increasing interest, as small-cap companies are often well-positioned to take advantage of the strong growth occurring within emerging markets.”