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State Street launches new communications services sector ETF

Jun. 19, 2018 10:05 AM ETState Street Corporation (STT) StockBy: Liz Kiesche, SA News Editor
  • State Street (NYSE:STT) Global Advisors launches Communication Services Select Sector SPDR fund (XLC).
  • The fund will provide exposure to the new Communication Services sector, introduced by S&P Dow Jones Indices and MSCI after the annual review of the Global Industry Classification Standard--GICS--structure last November.
  • In addition to the XLC fund launch, in accordance with the constituent changes under the GICS reclassification for the existing Information Technology and Consumer Discretionary sectors, State Street will rebalance the Technology Select Sector SPDR Fund (XLK) and the Consumer Discretionary Select Sector SPDR Fund (XLY) to reflect the underlying index changes, such changes to be effective after the close on September 21, 2018.
  • Source: Press Release
  • Previously: State Street makes changes to seven SPDR ETFs (May 30)

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