State Street said Wednesday morning two new international ETFs, based on S&P/Citigroup Global Equity Indices, will begin trading Thursday April 26. SPDR S&P International Small Cap ETF includes companies with market caps under $2 billion domiciled in developed countries outside the U.S. It will trade under the ticker (NYSEARCA:GWX) and carries a 0.60% expense ratio. SPDR S&P World ex-US ETF includes more than 5,000 companies domiciled in developed countries outside the U.S. including Canada. It will trade under the ticker (NYSEARCA:GWL) and carries a 0.35% expense ratio. "The new SPDRs offer investors precise, low-cost access to developed international markets, including the first capitalization-weighted vehicle covering international small cap equities... these two new SPDRs are powerful additions for investors looking to build well-diversified portfolios," the company said in a press release. This brings State Street's ETF count to 53 -- including 16 offering access to international and emerging markets.
Sources: Press release
Commentary: International Diversification Should Not Be Done Blindly • Diversifying Your Portfolio Using ETFs -- It Ain't So Simple • Exposure to International Stocks: A Challenge for Investors
Stocks/ETFs to watch: State Street Corp. (NYSE:STT), SPDR S&P International Small Cap ETF (GWX), SPDR S&P World ex-US ETF (GWL)
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