State Street Global Advisors has launched a pair of ETFs, a fund designed to offer a potential hedge against medium-term inflation and a portfolio of global dividend stocks.
The Boston-based firm this week listed SPDR S&P Global Dividend ETF (NYSEArca: WDIV) and SPDR Barclays 1-10 Year TIPS ETF (NYSEArca: TIPX).
TIPX has an expense ratio of 0.15% while WDIV charges 0.40%.
It looks like WDIV will square off against other global dividend ETFs such as Global X SuperDividend ETF (NYSEArca: SDIV), Guggenheim S&P Global Dividend Opportunities Index ETF (NYSEArca: LVL), First Trust Dow Jones Global Select Dividend Index (NYSEArca: FGD) and WisdomTree Global Equity Income (NYSEArca: DEW). [Global Dividend ETFs: State Street Readies New Fund]
The new State Street ETF joins SPDR S&P International Dividend ETF (NYSEArca: DWX) in the SPDR lineup of dividend funds.
Meanwhile, TIPX will compete against a crowded field of TIPS ETFs designed to invest in Treasury Inflation Protected Securities. [State Street Plans Two New TIPS ETFs]
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