If you're among the advisors digging for a natural resources component to place inside client portfolios, dig no more. A new ETF targeting the natural resources sector has been brought to market by State Street Global Advisors (SSgA).
The SPDR S&P Global Natural Resources ETF (GNR) tracks energy, metals and mining and agricultural related stocks inside the S&P Global Natural Resources Index. GNR will compete with other natural resources ETFs like the iShares North American Natural Resources Index Fund (IGE) and the Market Vectors RVE Hard Assets Producers ETF (HAP).
"The SPDR S&P Global Natural Resources ETF was developed in response to demand from sophisticated investors and financial advisors seeking precise natural resources exposure that is not overweight on the energy sector," said James Ross, senior managing director at SSgA. "With the addition of the SPDR S&P Natural Resources ETF, our family of SPDR ETFs provides investors with an opportunity to benefit from increasing natural resources demand across the globe."
