New Sector ETFs From StateStreet

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Includes: KRE, XES, XME, XOP, XPH, XRT
by: Roger Nusbaum

Roger Nusbaum submits: StateStreet is rolling out the following:

Sector SPDR Mining (NYSEARCA:XME)
Sector SPDR Retail (NYSEARCA:XRT)
Sector SPDR Pharma (NYSEARCA:XPH)
Sector SPDR Oil & Gas Equipment and Services (NYSEARCA:XES)
Sector SPDR Oil & Gas Exploration and Drilling (NYSEARCA:XOP)
Sector SPDR Regional Banking (NYSEARCA:KRE)

The mining ETF is interesting, as I believe there is only one of those so far but I think there are already, ahem, 172 ETFs that slice up the energy sector.

(Hat tip: BusinessWeek)