State Street Global Advisors (SSGA) has launched ten new World Sector SPDR ETFs on the Euronext Exchange.

The launch represents the broadest range of physically-replicated sector ETFs in Europe according to SSGA, and covers ten SPDR world industry benchmarks from Energy and Industrial to Technology and Telecommunications.

The spread of ETF options is intended to give investors the granularity to target specific risk-return profiles precisely, allowing exposure adjustment simply and effectively.

“Investors would do well to consider a sector rotation strategy. It can add an important layer of diversification and control to multi-asset portfolios,” commented Alexis Marinof, head of SPDR ETFs for the EMEA region.

“By tilting away from the sectors expected to underperform in the short term during periods of economic stress, and towards more resilient sectors, investors can use sector rotation to reduce the impact of volatility on their portfolios.”

Portfolio management for the ETF range will be based in Paris, bringing SSGA’s total European ETF range to 99 separate funds. 

The ETFs will be listed in the UK after Euronext extended its range of listing and trading venues to London last week.