State Street ETFs Swap Indexes: Dow Jones Out, S&P In
December 23, 2010 at 07:00 AM EST
State Street has made a few minor changes to its ETF lineup, ditching Dow Jones indexes in favor of benchmarks maintained by Standard & Poor’s for its broad-based domestic equity funds. Historically, the SPDR ETFs offering exposure to U.S. stock markets had been a bit of a hodgepodge, with the ultra-popular SPY and MDY linked to S&P indexes (the S&P 500 and S&P MidCap 400, respectively), and Dow Jones indexes filling out the rest of the cap/style matrix. Effective last week, the following changes went into effect: SPDR Dow Jones Large Cap Value ETF (ELV) becomes SPDR S&P 500 Value ETF (SPYV): Index changes from Dow Jones U.S. Large-Cap Value Total Stock Market Index to S&P 500 Value Index. SPDR Dow Jones Large Cap Growth ETF (ELG) becomes SPDR S&P 500 Growth ETF (SPYG): Index changes from Dow Jones U.S. Large-Cap Growth Total Stock Market Index to S&P 500 Growth Index. SPDR [...] Click here to read the original article on ETFdb.com.