Bringing you live news and features since 2006 

State Street launches communication services ETF


State Street Global Advisors has launched the SPDR S&P US Communication Services Select Sector UCITS ETF [LSE: SXLC LN ($) & GXLC LN (£)]. 

The fund lists on the LSE on Friday. The fund will provide exposure to the new Communication Services sector unveiled by S&P Dow Jones Indices and MSCI following the annual review of the Global Industry Classification Standard (GICS) structure in November 2017.
The new Communication Services sector will include three out of the five FAANG stocks—Facebook, Netflix and Google’s parent Alphabet—the most for any GICS sector. State Street writes: “Also classified within this new sector will be telecommunication services companies like Verizon and AT&T and media and entertainment companies like Comcast and Netflix, reflecting the updated ecosystem of how we communicate and access entertainment today.”
“This September, GICS will introduce a new Communication Services sector to reflect massive changes in the way we communicate, interact, and consume content,” says Mandy Chiu, head of product for SPDR ETFs in EMEA and APAC. “The new Communications Services sector will comprise roughly 10 per cent of the S&P 500 Index in terms of market capitalisation and the launch of the SPDR S&P U.S. Communication Services Select Sector UCITS ETF will offer our clients cost-effective access to this new investment opportunity in a single trade.”  

Latest News

Raymond James Investment Management plans to launch an ETF product platform in 2025 to support strong client demand in alignment..
Aniket Ullal, Director of ETF Data and Research at CFRA Research, has written a note looking at ETFs with exposure..
Tradeweb reports the following data derived from trading activity on the Tradeweb Markets institutional European- and US-listed ETF platforms...
iShares writes that its assets under management have reached USD4 trillion. The firm says this comes off the back of..

Related Articles

Scott Kefer, VictoryEx Capital Holdings
Bailey McCann writes that active ETFs are capturing investor interest, according to the latest data from Morningstar, which finds that...
Chris Lo, Columbia Threadneedle
In a recent insight on India by Columbia Threadneedle Investments, the firm reports that the country’s economic reforms, which aim...
With an election on the horizon in the United States a group of ETFs is poised to capture investments on...
Robot worker
Qraft Technologies, based in South Korea, specialises in the use of AI in security selection and portfolio construction....
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by