US Wrap: Along come the SPDRs

Three new products have been launched into the US market this week that link to SPDRs, exchange-traded funds (ETFs) managed by State Street Global Advisers based on different portions of the S&P 500 index.

Barclays focused on the financial stocks of the S&P 500, structuring an accelerated growth note that lasts one year and offers 300% participation in the fund. Investment returns will be capped at 19–22%, with the exact level to be set at pricing, and the bullish outlook product offers no

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