Voltron says: Looks like wisdom tree has some competition for foreign sector funds. State Street’s new funds have slightly lower fees so people may be switching from the wisdom tree ETFs. If that’s the case, it’s over done. The fees are less than 1/10 of 1% lower. Besides, wisdom tree’s funds are dividend weighted which is more in keeping with Peter Schiff’s philosophy of earning foreign dividends.
Investor's Business Daily
State Street Launches Foreign Sector SPDRs
Friday July 25, 6:13 pm ET
State Street Global Advisors has unleashed a cluster of SPDRs that track the 10 sectors of the S&P World ex-U.S. Broad Market indexes. The new ETFs in the SPDR S&P International family are:
These compete with the iShares and WisdomTree international sector ETFs. The SPDRs charge 0.50% each in annual expenses, while their iShares counterparts charge 0.48% and WisdomTree 0.58%.
SPDRs Vs. IShares
The main differences between these and iShares S&P Global sector indexes: Unlike the iShares, the SPDRs don't include
They're a subset of the entire world index and hold companies with market caps of at least $100 million. The iShares family subdivides the narrower S&P Global 1200 index, though its offerings include companies with even less than $1 million in market cap.
SPDR S&P International Financial Sector includes more than 1,000 names. SPDR S&P International Telecommunications , with just 70 stocks, has the fewest holdings.
The iShares ETFs offer small exposure to emerging markets stocks, while the SPDRs includes only developed markets.
SPDRs Vs. WisdomTree
WisdomTree international sector ETFs also exclude
ETF experts expect these to perform similarly. Which you choose is just a matter of preference, says Gary Gordon, president, Pacific Park Financial.
"One person might be a stickler for fees," Gordon said. "That person should go with a
The worst hit
These additions bring