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

247wallst — Tue, 22 Jul 2008 09:05:51 +0000

State 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

24/7 Wall St. » IPU

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