Weekly roundup: FTSE expands IPO indices, State Street lists sector ETFs

ETFM brings you a roundup of some of this week's ETF and indexing news.

Index provider FTSE has expanded its Renaissance IPO index series to include the performance of IPOs listed in 53 new country and regional indices within developed and emerging EMEA, Asia and America.

The indices include qualifying IPOs at the end of their first trading day; they are then removed after two years.

To reflect the global expansion, the series is being renamed the FTSE Renaissance Global IPO Index Series.

State Street Global Advisors began trading on three sector ETFs yesterday. The SPDR S&P Aerospace & Defense ETF, SPDR S&P Health Care Services ETF and SPDR S&P Software & Services ETF are listed on the New York Stock Exchange.

State Street already has an established sector ETF offering, totalling US$58bn in assets. The new additions take its sector ETF suite to 44.

The Royal Bank of Canada has listed its first ETFs in Toronto. The eight ETFs track Canadian investment grade corporate bonds with various maturities.

The addition of RBC to the ETF market means that the number of Canadian providers could double this year. There are currently seven with listings on the Toronto Stock Exchange, having started this year with only four.