State Street Global Advisors rolls out new ETF

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May 4, 2009 8:41am ETF BASIC NEWS

housingState Street Global Advisors, the investment management arm of State Street Corporation, has launched the SPDR KBW Mortgage Finance ETF.

According to State Street Global Advisors, the SPDR KBW Mortgage Finance ETF is the first exchange traded fund (ETF) to provide US investors with precise access to equities in the mortgage finance industry.

The SPDR KBW Mortgage Finance ETF seeks to track the total return performance of the KBW Mortgage Finance Index, a modified market-capitalization weighted index of the stocks listed on US stock markets comprising of pure mortgage players, mortgage processors, title insurers, homebuilders, and banks and thrifts where mortgage loans dominate the loan book.

Full Story: http://www.tradingmarkets.com/.site/news/Stock%20News/2305432/



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