SSgA launches new ETF

A new SSgA exchange traded fund tracking an S&P index of high dividend yielding foreign stocks began trading today on the American Stock Exchange. The SPDR S&P International Dividend ETF tracks the S&P International Dividend Opportunities index. In a news release, Anthony Rochte, a senior managing director at SSgA, said his company launched the ETF in response to strong client demand for exposure to foreign companies with proven track records.