SSgA Floats Three Australian ETFs

State Street Global Advisers has launched three new exchange-traded funds (ETFs) in the Australian market.

State Street Global Advisers (SSgA) has launched three new exchange-traded funds (ETFs) in the Australian market, Money Management reports. The funds include a small cap ETF, a resources ETF and a financials ETF.

The sector ETFs are based on the S&P/ASX 200 Index, while the small cap fund is based on the S&P/ASX300 less the S&P/ASX100. The new launches bring the number of ETFs offered by the asset manager in Australia to seven.

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