Bringing you live news and features since 2006 

SSGA adds to single-country SPDR ETF suite


State Street Global Advisors (SSGA) has added the SPDR Solactive Hong Kong ETF (ZHOK) to its existing suite of single-country ETFs.

In addition, the existing single-country ETFs, which provide exposure to Canada, Germany, Japan and the United Kingdom are all changing indices, names and tickers, and will carry lower expense ratios.
The SPDR Solactive Hong Kong ETF will track the Solactive GBS Hong Kong Large & Mid Cap Index, a market capitalisation index designed to measure the equity market performance of large and mid-cap companies in Hong Kong. As of 30 August, 2018, the index comprised 58 securities. ZHOK has a net expense ratio of 0.14 per cent and is now trading on the NYSE Arca Exchange.
The fexisting funds will now no longer track StrategicFactors smart beta indices and will instead track market capitalisation weighted indices designed by Solactive.
“Investors are seeking traditional market-cap weighted beta indices when adding country-specific international exposures to their portfolios,” says Noel Archard, global head of SPDR Product at State Street Global Advisors. “Launching the SPDR Solactive Hong Kong ETF, while also changing the underlying indices and lowering the fees of four single-country SPDRs, provides our clients with an offering that is better aligned with their approach to single-country strategies.”

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
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