The SPDR MSCI United Kingdom Quality Mix ETF (NYSEArca: QGBR) becomes the sixth U.K. ETF in the U.S. That new fund is home to familiar names such as AstraZeneca (NYSE: AZN), Royal Dutch Shell (NYSE: RDS-A) and BP (NYSE: BP).
The SPDR MSCI Canada Quality Mix ETF (NYSEArca: QCAN) and the SPDR MSCI Japan Quality Mix ETF (NYSEArca: QJPN) are the other members of SSgA’s single-country quality ETF suite. All six of the new funds have annual expense ratios of 0.6% per year.
SSgA’s ETFs that debuted last week that benchmark to MSCI indices are multi-factor funds that can select components based on a single factor, like volatility or dividends. Additionally, the indices can select holdings based on multiple factors through a combination of book value, quality and momentum. [State Street, MSCI Partner on Multi-Factor ETFs]
ETF Trends editorial team contributed to this post.