State Street International Health Care ETF Launch (STT, IRY)
State Street Corporation (NYSE: STT) has 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 Health Care Sector ETF…
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State Street Corporation (NYSE: STT) has 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 Health Care Sector ETF (AMEX: IRY)
- This index includes over 330 non-US health care companies with market caps of over $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
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McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.