State Street starts real estate, mid-cap ETFs

NEW YORK, May 13 (Reuters) - State Street Global Advisors on Tuesday launched an exchange-traded fund that invests in global real estate and another that invests in international small-cap stocks.

The SPDR DJ Wilshire Global Real Estate ETF RWO.A and the SPDR S&P International Mid Cap ETF MDD.A have their primary listing on the American Stock Exchange.

State Street Global Advisors said the real estate ETF is based on an index including more than 240 commercial and residential real estate companies located in 23 countries, including the United States.

The Mid-Cap ETF is based on an index of more than 850 companies with market capitalizations between $2 billion and $5 billion. The companies are located in 25 countries outside the United States.

The expense ratio for the real estate ETF is 0.50 percent and the expense ratio for the Mid-Cap ETF is 0.45 percent, the investment management company said.

State Street Global Advisors is the investment management arm of Boston-based State Street Corp (STT.N: Quote, Profile, Research, Stock Buzz). (Reporting by Cal Mankowski; Editing by Jan Paschal)