State Street Global Advisors launches the SPDR FTSE/Macquarie Global Infrastructure 100 ETF on AMEX today.
The new ETF will track an index of developed and emerging country stocks involved in infrastructure industries such as pipelines, transport services, electricity, water, and telecommunications. The Macquarie Global Infrastructure 100 Index, calculated by FTSE Group, serves as the underlying benchmark for the new fund.
“With the launch of this SPDR, we are responding to our clients’ demands for access to stocks that cover infrastructure industries on a global scale,” says Anthony Rochte, senior managing director of State Street Global Advisors. “This product is part of our steadfast commitment to provide quality offerings that precisely align with investors’ investment strategies.”
This SPDR complements State Street’s series of international ETF offerings. Recently, State Street launched the SPDR MSCI ACWI (All Country World Index) ex-US ETF (AMEX: CWI) on the American Stock Exchange (Amex). It is benchmarked against the MSCI All Country World exUSA Index and includes both developed and emerging markets outside of the United States.
State Street manages more than $113 billion ETF assets worldwide (as of December 31, 2006) and is one of the largest providers in the U.S. and globally, claiming a market share of more than 20 percent. State Street manages a total of 70 ETFs worldwide.