State Street has made a few minor changes to its ETF lineup, ditching Dow Jones indexes in favor of benchmarks maintained by Standard & Poor’s for its broad-based domestic equity funds. Historically, the SPDR ETFs offering exposure to U.S. stock markets had been a bit of a hodgepodge, with the ultra-popular SPY and MDY linked to S&P indexes (the S&P 500 and S&P MidCap 400, respectively), and Dow Jones indexes filling out the rest of the cap/style matrix. Effective last week, the following changes went into effect: [click to continue…]
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