State Street Launches 3 New SPDR ETFs

State Street Global Advisors announced Thursday the launch of three new ETFs to give investors exposure to derivative income, commodities and emerging markets excluding China.

The asset manager introduced the SPDR SSGA U.S. Equity Premium Income ETF (SPIN), the SPDR S&P Emerging Markets ex-China ETF (XCNY) and the SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY).

 “As investors increasingly turn to ETFs to optimize their portfolios, we’re excited to be expanding our SPDR ETF offering to help them create better outcomes,” said Anna Paglia, State Street Global Advisors chief business officer.

“SPIN, XCNY and CERY were each developed to expand the range of investment options that can be expressed by clients who are looking for innovative tools to fine-tune their portfolios and better meet their investment objectives.”

The SPDR SSGA US Equity Premium Income ETF (SPIN) is an actively managed ETF designed to enhance income generation through a call writing program while also maintaining the potential for long-term capital growth with an underlying portfolio of high quality large- and mid-cap U.S. stocks.

Carrying a 0.25% expense ratio, SPIN may be a fit for investors seeking enhanced income, State Street said.