NYSE Euronext (NYX) announced that its wholly-owned subsidiary, NYSE Arca, ..
began trading the SPDR® KBW Mortgage Finance ETF under the ticker symbol “KME .” The ETF is sponsored by State Street Global Advisors, the investment management arm of State Street Corporation (NYSE: STT ).
The Fund’s investment objective is to replicate as closely as possible, before expenses, the performance of an index derived from the mortgage finance segment of the U.S. financial services industry. The Fund uses a passive management strategy designed to track the total return performance of the KBW Mortgage Finance Index (the “Mortgage Index”). The Mortgage Index is a float adjusted modified-market capitalization weighted index of geographically diverse companies representing pure mortgage players, mortgage processors, title insurers, homebuilders, and banks and thrifts with high mortgage loan portfolios listed on U.S. stock markets.
Source: ETFWorld.com – NYSE Euronext (NYX)
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