State Street Launches Global Natural Resources ETF (GNR)

As world population levels have surged along with developing economies, an increased focus as been put on natural resource development and production in order to increase the average standard of living for the world’s nearly 7 billion people. This rapid increase–along with a variety of natural disasters, such as the devastating wheat crisis in Russia earlier this summer–has put a premium on the world’s natural resources and the companies that harvest or develop them. Following this trend, a number of ETF providers have stepped in to give investors access to this increasingly important sector. The newest foray into this market segment came earlier today when State Street, the Boston based ETF giant best known for its S&P 500 SPDR (SPY) and gold ETF (GLD), launched the newest addition to its product lineup, the Global Natural Resources ETF (GNR). The new fund will track the S&P Global Natural Resources Index, which is [...] Click here to read the original article on ETFdb.com. Related Stories: State Street Launches Corporate Bond ETF (SCPB) State Street Launches Build America Bond ETF (BABS) Wall Street Journal Profiles Best Web Resources For ETF Investors