SSGA launch North American Natural Resources ETF

Dec 16th, 2015 | By | Category: Equities

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State Street Global Advisors (SSGA), the asset manager behind the SPDR range of exchange-traded funds, has launched a new fund tracking equity exposure of US and Canadian companies operating in the natural resources sector. The SPDR S&P North American Natural Resources ETF (NYSE Arca: NANR) offers enhanced diversification compared to traditional natural resources ETFs through targeted weightings of the energy (45%), materials (35%) and agriculture (20%) sub-sectors.

SSGA launch North American Natural Resources ETF

James Ross, executive vice president and global head of SPDR Exchange Traded Funds.

“Recent volatility in the energy sector has many clients asking us for a different approach to gaining exposure to US and Canadian natural resources companies than what may be currently available to them,” said James Ross, executive vice president and global head of SPDR Exchange Traded Funds at State Street Global Advisors. “NANR offers a more balanced approach to investing in natural resources companies as opposed to a single sector energy allocation, which may be skewed to oil companies.”

The SPDR S&P North American Natural Resources ETF follows the S&P BMI North American Natural Resources Index, a sub-set of the S&P Global Large MidCap Commodity and Natural Resources Index. As of 18 December 2015, there are 59 constituents within the fund of which the largest holdings are Exxon Mobil (10.5%), Chevron (9.7%), Monsanto (6.7%), Alcoa (5.8%) and Goldcorp (4.6%). The fund carries a total expense ratio of 0.35%.

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