State Street Global Advisors also recently added its first S&P 500 sector-ETFs in 17 years. Earlier this month, State Street expanded its suite of Select SPDR ETFs to include the Financial services Select Sector SPDR Fund (NYSEArca: XLFS) and the Real Estate Select Sector SPDR Fund (NYSEArca: XLRE). [Sector SPDRs Adds First New Sectors In 17 Years]
XLRE will try to reflect the performance of the Real Estate Select Sector Index, which include real estate management and development and REITs, excluding mortgage REITs. The underlying index has a dividend yield of 3.36%.
XLFS will try to reflect the performance of the Financial Services Select Sector Index, which tracks areas like diversified financial services, insurance, banks, capital markets, consumer finance, thrifts, mortgage finance and mortgage REITs. The underling index has a dividend yield of 1.9%.
Financial advisors who are interested in learning more about can register for the Thursday, October 22 webcast here.