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SSGA provides more precise access to tech hardware and internet industries through two new ETFs

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State Street Global Advisors (SSGA) has launched the SPDR S&P Technology Hardware ETF (XTH) and the SPDR S&P Internet ETF (XWEB) on the NYSE Arca. 

XTH and XWEB, designed to provide investors with targeted exposure to technology hardware sub-industries in the technology sector, and internet sub-industries in the consumer discretionary and technology sectors, respectively, join SSGA’s leading suite of modified equal weighted S&P Industry ETFs, which now includes 20 funds with more than $13 billion in assets.1

“The US technology-related landscape includes a wide range of companies; from younger firms focused on cutting edge products to the largest, most well-known brands”

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“The US technology-related landscape includes a wide range of companies; from younger firms focused on cutting edge products to the largest, most well-known brands,” said Nick Good, co-head of the Global SPDR business at State Street Global Advisors. “Investors have asked us for solutions to help refine their investment options by gaining access to technology-related sub-industries that are found in XTH and XWEB. In addition, with a modified equal weighted approach, investors may reduce the risk of being limited to a portfolio driven by one or two large names, relative to a market cap weighted approach.”

The SPDR S&P Technology Hardware ETF seeks to track the performance of the S&P Technology Hardware Select Industry Index, which represents the hardware segment of the S&P Total Market Index and comprises companies in the technology hardware, storage & peripherals sub-industry, electronic equipment and instruments sub-industry, and electronic components sub-industry.

The SPDR S&P Internet ETF seeks to track the performance of the S&P Internet Select Industry Index, which represents the internet segment of the S&P Total Market Index and comprises companies in the internet retail sub-industry and internet software and services sub-industry.

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