State Street SPDR S&P Global Natural Resources ETF (GNR)
State Street SPDR S&P Global Natural Resources ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $75.66, down 0.47% on the session, giving a market capitalisation of $4.69B. Its beta of 0.54 implies it has historically moved less than the broad market.
This ETF, known as the State Street SPDR S&P Global Natural Resources ETF, aims to replicate the overall financial gains of the S&P Global Natural Resources Index. Its objective is to provide investors with exposure to some of the most significant companies by market capitalization across three vital natural resource industries: agriculture, energy, and metals and mining. A key feature of the index's construction is a diversification rule, where the weighting of any individual sub-index representing these sectors is capped at a maximum of one-third of the index's total composition. This mirroring of the index's returns is calculated prior to deducting any management fees or operational expenses.
State Street SPDR S&P Global Natural Resources ETF is most often compared with the following Financial Services names: