SPDR S&P Emerging Markets ex-China ETF (XCNY)

Overview

The referenced fund is designed for investors looking to tap into the growth potential of emerging markets, excluding China. It commits a substantial portion of its assets—at least 80%—to securities that are included in a specific index. This index is notably characterized by a float-adjusted market capitalization weighted system, aimed at defining and quantifying the investable universe of publicly traded companies situated in emerging markets, distinctively leaving out China. Due to its focused investment strategy, the fund is classified as non-diversified, meaning it may invest more of its assets in fewer issuers than a diversified fund.

Products and Services

The main product offered by the fund is investment opportunities in emerging markets, excluding China, through a specialized index-based strategy. Below is an outline of the product and its unique aspects:

• Emerging Markets Investment (Excluding China)

  This product offers investors a pathway to engage with emerging market economies through an index-based investment approach. The fund invests a minimum of 80% of its net assets, including borrowings for investment purposes, into securities that are aligned with a specially constructed index. This index is designed to encapsulate the investable landscape of publicly traded companies across emerging markets, notably excluding companies domiciled in China. The investment focus on excluding China allows for a distinct diversification and growth strategy favoring markets that might be underrepresented in global portfolios.