Continuing to leverage index products and services
New ETFs introduced in June
- ProFunds launched four S&P-indexed funds
- First ETFs to use derivatives to implement short and leveraged strategies; model opens door to others
- State Street Global adds five more SPDR industry ETFs
- Three ETFs launched in February
- S&P BRIC index provides exposure to leading companies from Brazil, Russia, India and China
- Lehman and UBS have licenses to create products based on the index