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SPDRs Spread Their Web
SSgA has filed for the right to launch 16 new international ETFs, in one of the most important ETF filings in recent history. The new funds will give SSgA a complete lineup of global and regional ETFs, and will position the company to capitalize on the growing interest in international investing. The filings will put significant pressure on BGI, which has had, until this year, a near monopoly on international ETFs.
The funds are shown in the shaded box below.
In mid-October, PowerShares Capital Management launched 11 new ETFs, all of which were based on its dynamic Intellidexes, a proprietary family of enhanced indexes calculated and disseminated by the Amex.