SPDR Attack: State Street Rolls Out More Sector ETFs

State Street, the issuer behind the two largest U.S.-listed exchange-traded products, announced today the launch today of three new funds offering targeted exposure to key sub-sectors of the U.S. economy. The new funds will track narrow corners of the technology, health care, and industrials sector, giving investors new options for placing targeted bets on the U.S. economy. The new ETFs include [for analysis of all new ETFs, sign up for the free ETFdb newsletter]: SPDR Software & Services ETF (XSW) This ETF will seek to replicate the S&P Software & Services Select Industry Index, a benchmark that consists of companies in the following sub-sectors: application software, data processing and outsourced services, home entertainment software, internet software and services, IT consulting, and systems software. XSW will compete with three existing software ETFs that are already pretty well established in the space, including iShares” IGV, PowerShares’ PSJ, and the Software HOLDRS (SWH) [...] Click here to read the original article on ETFdb.com. Related Posts: Can Defense ETFs Survive A Spending Slowdown? The Next Frontier For Aerospace and Defense ETFs Boeing Evades Competition, Puts Defense ETFs In Focus Boeing’s Bullish Outlook Boosts Aerospace ETFs Aerospace & Defense ETFs In Focus On China, U.S. Budget