State Street Global Advisors, the investment management arm of State Street Corp., announced that it has introduced the SPDR S&P Emerging Markets Small Cap Exchange-Traded Fund.
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The portfolio tracks the S&P/Citigroup Emerging Market Small Cap Index, which includes more than 1,600 companies with market capitalizations of less than $2 billion. Its expense ratio is 0.65%.
The fund complements State Street's suite of eight emerging markets exchange-traded funds, the company said Tuesday.
State Street, based in Boston, had $159 billion of assets under management at March 31.
