SPDR ETF Since Thursday lists one new exchange traded fund on London Stock Exchange
By ETFWorld.co.uk
SPDR® S&P® Oil & Gas Equipment & Services ETF
The SPDR® S&P® Oil & Gas Equipment & Services ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P® Oil & Gas Equipment & Services Select Industry® Index
Seeks to provide exposure to the oil and gas equipment and services segment of the S&P TMI, which comprises the Oil & Gas Drilling sub-industry and the Oil & Gas Equipment & Services sub-industry
Seeks to track a modified equal weighted index which provides the potential for unconcentrated industry exposure across large, mid and small cap stocks
Allows investors to take strategic or tactical positions at a more targeted level than traditional sector based investing
Index Description
The S&P Oil & Gas Equipment & Services Select Industry Index represents the oil and gas equipment and services segment of the S&P Total Market Index. The S&P TMI is designed to track the broad U.S. equity market. The oil and gas equipment and services segment of the S&P TMI comprises the Oil & Gas Drilling sub-industry and the Oil & Gas Equipment & Services sub-industry. The Index is one of twenty-one (21) of the S&P Select Industry Indices, each designed to measure the performance of a narrow sub-industry or group of sub-industries determined based on the Global Industry Classification Standard (“GICS”).
Name : SPDR® S&P® Oil & Gas Equipment & Services ETF
ISIN : US78468R5494
Sedol : BLRBDB4
Trading Currency : USD
Total Expense Ratio : 0.35%
Reference index : S&P® Oil & Gas Equipment & Services Select Industry® Index
Source: ETFWorld.co.uk
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