State Street Global Advisors launched three new exchange traded funds that track Kensho New Economies indices to help investors focus on the potential growth opportunity in next-generation technologies.
On Wednesday, SSGA rolled out the SPDR Kensho Intelligent Structures ETF (NYSEArca: XKII), SPDR Kensho Smart Mobility ETF (NYSEArca: XKST) and SPDR Kensho Future Security ETF (NYSEArca: XKFS), which each come with a 0.45% gross expense ratio.
“We are continuously looking for opportunities to provide investors with the tools necessary for tapping into key market trends and new economic developments,” Nick Good, co-head of the Global SPDR business at State Street Global Advisors, said in a note. “With the launch of XKII, XKST and XKFS, investors can make targeted allocations providing exposure to the firms behind the emerging trends that are reshaping our economy, and very way of life.”
The Kensho Intelligent Structures ETF follows companies whose products and services are driving innovation behind intelligent infrastructure, such as smart building infrastructure, smart power grids, intelligent transportation infrastructure, and intelligent water infrastructure. The XKII may also provide investors with a way to gain exposure to a group of companies involved in the transition to an intelligent, adaptive and connected infrastructure, such as Xylem, Silicon Laboratories, Ruper Technologies, Honeywell International and ABB, among others.
The Kensho Smart Mobility ETF includes companies whose products and services are engaged in smart transportation, which includes the areas of autonomous and connected vehicle technology, drones and drone technologies used for commercial and civilian applications, and advanced transportation tracking and transport optimization systems. XKST may provide exposure to companies involved in the significant changes underway in how people and goods will be transported in the near future, including Avis Budget Group, NVIDIA, Visteon, WABCO Holdings and Fortive Corp, among others.
Lastly, the Kensho Future Security ETF tracks companies involved with innovation behind future security, which includes the areas of cyber security and advanced border security, along with military applications like robotics, drones and drone technologies, space technology, wearable technologies and virtual or augmented reality activities. XKFS may provide a way to invest in those adapting to the future of warfare and national security, such as Aerojet Rocketdyne Holdings, Boeing, Orbital ATK, Mercury Systems and Teledyne Technologies, among others.
For more information on new fund products, visit our new ETFs category.