SPDR ETFs are an array of international and domestic asset classes that provide the flexibility to select investments that are precisely aligned to their investment strategy for the professional investors.
The new fund provides access to companies that benefit from the growth of emerging Asia’s middle class for the investors and tracks the performance of the S&P Asia Pacific emerging under $2bn Index.
The Index is a weighted benchmark that includes publicly listed companies with float-adjusted market capitalization between $100m and $2b.
As at 31 December 2011, the Index had 1,455 securities of countries that include China, India, Indonesia, Malaysia, Philippines, Taiwan, and Thailand.
State Street Global Advisors SPDR Exchange Traded Funds senior managing director and global head James Ross said: "In providing investors with precise access to an asset class with the potential to provide portfolio growth and diversification benefits, the SPDR S&P Small Cap Emerging Asia Pacific ETF enhances our family of emerging market SPDR ETFs, which includes the SPDR S&P Emerging Markets Small Cap ETF."
