State Street Global Advisors, the asset management business of State Street Corporation, has announced changes to the indices and names of five financial industry SPDR ETFs.

Effective Monday, the five SPDR ETFs will no longer track KBW indices and will instead seek to track S&P industry indices that provide access to the same market segments and in addition offer broader diversification and reduced concentration risk. The funds' ticker symbols and expense ratios will remain unchanged, the firm said.

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