The American Stock Exchange announced that it launched trading in the SPDR S&P International Mid Cap ETF (Amex: MDD) and the SPDR DJ Wilshire Global Real Estate ETF (Amex: RWO) issued by State Street Global Advisors (SSgA).
MDD aims to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P/Citigroup World Ex-U.S. US$2-5 billion Index. The Index is a float adjusted market cap weighted index that represents the mid capitalization segment of developed countries included in the S&P/Citigroup BMI Global Equity Index. The BMI Global Equity Index captures the full universe of institutionally investable stocks in developed and emerging markets with float-adjusted market capitalizations of at least $100 million.
RWO aims to provide investment results that, before fees and expenses, correspond generally to the price and yield return performance of the Dow Jones Wilshire Global Real Estate Securities Index. The Index is a float adjusted market capitalization index designed to measure the performance of publicly traded global real estate securities that represent the ownership and operation of commercial or residential real estate.
"American Stock Exchange and State Street share a longtime collaborative commitment to bringing new and innovative products to the ETF marketplace," said Scott Ebner, Senior Vice President of the Amex ETF Marketplace. "We are proud to have been chosen to list MDD and RWO, which offer investors exposure to the international mid-cap markets and the global real estate market, respectively." -- www.amex.com
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