Mortgage Finance ETF Begins Trading

State Street Global Advisors has launched an ETF that provides exposure to the mortgage finance industry.

The SPDR KBW Mortgage Finance ETF (KME) tracks an index maintained by Keefe, Bruyette & Woods of US stocks in the mortgage industry.

Sectors represented include pure mortgage players, mortgage processors, title insurers, homebuilders, and banks and thrifts where mortgage loans dominate the loan book.

See the ETF Directory for a complete listing of State Street ETFs.