Standard & Poor’s has launched its S&P Selector Sector Capped 30% indices specially developed for the U.K. exchanged-traded fund firm Source. According to Source, the nine new U.S. sector ETFs mark the first time European investors will have access to a derivative of S&P U.S. Select sector indices through a European-listed, UCITS III-compliant ETF structure. The indices—covering consumer discretionary, consumer staples, energy, financial, health carte, industrials, materials, technology and utilities—account for more than 40% of the total U.S. Sector ETF assets under management, and have average daily trading volumes that account for 59% of the U.S. sector market’s average daily turnover. The addition of the new U.S. Sector ETFs brings Source’s product range to 68 across the equity and commodity markets.

Click here to read the release from Source