SSGA launches communications ETF

State Street Global Advisors is to launch an exchange-traded fund (ETF) with exposure to the US communications sector on the London Stock Exchange.

The SPDR S&P US Communication Services Select Sector Ucits ETF will provide exposure to companies such as Facebook, Netflix and Google’s parent company Alphabet through a new communications sector index recently unveiled by S&P Dow Jones Indices and MSCI, following a reclassification of the S&P 500.

In addition to providing exposure to three of the five so-called FAANG companies, the ETF will also provide exposure to telecommunications firms like Verizon and AT&T.

SSGA currently manages over $165bn in sector-specific ETF strategies worldwide.

The launch of the communications sector ETF brings the firm’s suite of Ucits sector-based SPDR ETFs to 30 funds spanning global, US and European exposures.

©2018 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

CLOUD DATA PLATFORMS

Luxembourg is one of the world’s premiere centres for cross-border distribution of investment funds. Read our special regional coverage, coinciding with the annual ALFI European Asset Management Conference.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST