Financial ETF sees fastest-ever inflows
- Seeking Alpha
As of November 21, 2016, The Select Sector SPDR Trust - The Financial Services Select Sector SPDR Fund has gone out of business. The Select Sector SPDR Trust - The Financial Services Select Sector SPDR Fund is an exchange traded fund launched by State Street Global Advisors, Inc. It is managed by SSGA Funds Management, Inc. The fund invests in public equity markets of the United States. It invests in stocks of companies operating in the financial services sector including diversified financial services, insurance, banks, capital markets, consumer finance, thrifts and mortgage finance, and mortgage real estate investment trusts. The fund invests in stocks of large-cap companies. It seeks to replicate the performance of the Financial Services Select Sector Index, by investing in stocks of companies as per their weightings in the index. The Select Sector SPDR Trust - The Financial Services Select Sector SPDR Fund was formed on October 7, 2015 and is domiciled in the United States.