State Street Global Advisors (SSGA) has launched nine US sector equity exchange-traded funds (ETFs) on the Deutsche Börse, Xetra to give European investors greater access to US sectors.

The US sector funds provide investors with the opportunity to manage their US sector exposures through different stages of the economic cycle whether it be recovery, expansion, slowdown or recession.

“The US sectors funds have proved a success in the US and now European investors have access to Ucits vehicles that share the same benchmark and total expense ratio (TER) as their US domiciled cousins,” said Alexis Marinof, head of SPDR ETFs for Emea.

“Sector indices have historically displayed higher return dispersion and more discrete exposures than style indices such as large-cap, small-cap and value. With markets anticipating the first US interest rate hike of the economic cycle later this year, these US sector ETFs help investors to balance the potential for risk and return in their portfolios.”

The funds cover the consumer discretionary, consumer staples, energy, financials, healthcare, industrials, materials, technology and utilities sectors of the S&P 500 index.

There are now 74 SPDR ETFs available across Europe. 

This follows the launch of the SPDR Morningstar Multi Asset Global Infrastructure Ucits ETF in April this year.