SPDR S&P Emerging Markets Small Cap ETF (EWX)

Overview

The fund operates within the financial sector, focusing primarily on investment in small capitalization companies located in emerging markets. It adheres to a strategic investment philosophy that mandates a minimum of 80% of its assets must be allocated to securities that are included in a specified index or in depositary receipts based on those securities. This index is specifically designed to reflect the performance of the small-cap segment of various emerging nations that are part of the S&P Global BMI, an inclusive benchmark that considers the market-capitalization weight and adjusts for float, enabling the fund to have a diversified portfolio within the dynamic and potentially high-growth emerging market space.

Products and Services

• Investment in Securities

  This constitutes the core service offering, where the fund invests a significant proportion of its assets in securities that are part of a meticulously selected index. These securities represent the small-cap segment in emerging markets, aiming to capture the growth potential while managing the risks inherent to these economies.

• Depositary Receipts Investments

  In addition to direct investments in securities, the fund expands its portfolio by investing in depositary receipts. These are securities issued by a bank that represent shares in foreign companies, but traded on a local stock exchange. This approach allows for broader exposure to emerging markets, providing a blend of direct and indirect investment strategies that can enhance returns while diversifying investment risks.