tate Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced the launch of three new ETFs: the SPDR ® SSGA US Equity Premium Income ETF (SPIN) , the SPDR ® S&P ® Emerging Markets ex-China ETF (XCNY) , and the SPDR ® Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) . The funds are designed to help investors capture opportunities and manage risk.
“As investors increasingly turn to ETFs to optimize their portfolios, we’re excited to be expanding our SPDR ETF offering to help them create better outcomes,” said Anna Paglia, Chief Business Officer at State Street Global Advisors. “SPIN, XCNY, and CERY were each developed to expand the range of investment options that can be expressed by clients who are looking for innovative tools to fine-tune their portfolios and better meet their investment objectives.”
The SPDR SSGA US Equity Premium Income ETF (SPIN) is an actively managed ETF that is designed to enhance income generation through a dynamic call writing program while also maintaining the potential for long-term growth of capital by constructing an underlying portfolio of high quality large- and mid-cap US stocks that exhibit strong fundamentals and long-term growth prospects. Priced at 25 basis points, SPIN may be a compelling offer for investors seeking enhanced income.
The SPDR S&P Emerging Markets ex-China ETF (XCNY) seeks to track a market capitalization-weighted index of large-, mid-, and small-cap emerging market companies that excludes companies domiciled in China. By removing Chinese equities, XCNY may allow investors to manage their China risk exposure separately, while still seeking high growth and capital appreciation potential from emerging market economies. And priced at 15 basis points, XCNY is the lowest-cost fund offering exposure to EM ex-China.
The SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) seeks to track the total return performance of the Bloomberg Enhanced Roll Yield Total Return Index. Designed to provide broad commodities market exposure with a focus on diversification and enhanced roll yields, CERY may potentially reduce the costs associated with rolling over commodity futures contracts while providing the potential diversification and inflation-hedging benefits of the asset class.
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