The SPDR S&P Bank ETF, managed by State Street Global Advisors, focuses on the American banking sector. It pools investments in a variety of bank stocks, ranging from small to large market capitalizations, aiming to mirror the performance of the S&P Banks Select Industry Index. This ETF offers investors exposure to both growth and value stocks within the financial and banking industries, using a representative sampling strategy. Launched in 2005, it's a way for investors to tap into the banking sector's potential.