State Street And Northern Trust Launch More ETFs
May 20, 2008

SAN DIEGO – (ETFguide.com) – One ETF per day, that seems to be the going pace of new exchange traded vehicles (ETVs) hitting the market.

State Street Global launched the SPDRs S&P Emerging Markets Small Cap ETF (Ticker: EWX). While there are 16 other emerging markets ETFs, there is only one other emerging markets small cap portfolio, the WisdomTree Small Cap Dividend Fund (Ticker: DGS).

The S&P/Citigroup Emerging Market Small Cap Index is a sub-index of the  BMI Global Equity Index with approx. 1,612 holdings. The SPDR ETF, with only 153 holdings, uses a sampling approach to replicate the index performance.

The index includes 25 countries where Taiwan has a weighting of 31.91%.  China is weighted at 7.83%, India at 6.51%, South Africa at 6.48% and Brazilat 5.97%.

WisdomTree’s emerging small cap fund is cash dividend weighted, while the SPDRs EWX is market capitalization weighted.  

NETS Keep On Coming

Three new NETS joined the club of existing NETS single country portfolios.

NETS Hang Seng ChinaEnterprises Index Fund (Ticker: SNO)
NETS BEL 20 Index Fund ( Belgium) - (Ticker: BRU)
NETS AEX-Index Fund ( Netherlands) - (Ticker: AEX)

The underlying index of the NETS Hang Seng China Enterprises Index Fund covers only "H" shares of Chinese companies. Since China severely restricts access of foreign investors, H-shares are one of the few ways for foreign investors to gain exposure to China.

As most NETS, the NETS BEL 20 Index Fund (Ticker: BRU) and the NETS AEX-Index Fund (Ticker: AEX) track the “Dow Jones – Blue Chip” index version of their respective countries. BRU tracks Belgium's blue-chip index of the 10-20 largest stocks listed while AEX covers Amsterdam's top 25 blue-chip stocks.

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