The industries the new funds cover are: metals and mining, pharmaceuticals, oil and gas equipment, oil and gas exploration, consumer retail and regional banking. All of the funds except for the regional banking fund track select industry indexes developed by
"At a time when investors are seeking new options in search of the potential for higher returns or more refined portfolio construction, these ETFs provide a real benefit through their precise exposure to targeted industries," said Greg Ehret, senior managing director of State Street Global Advisors.