SPDR Bloomberg SASB Developed Markets Ex US ESG Select ETF
RDMX
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- IPO Date
- Jan 10, 2022
- CIK
- 0001168164
- Similar Companies
- Business
- SPDR Bloomberg SASB Developed Markets Ex US ESG Select ETF (RDMX) is an exchange-traded fund that seeks to track the performance of the Bloomberg SASB Developed Markets Ex-US ESG Select Index. The fund provides exposure to developed markets outside the United States through a portfolio of equity securities selected for their alignment with environmental, social, and governance (ESG) criteria based on Sustainability Accounting Standards Board (SASB) standards; it emphasizes companies demonstrating strong sustainability practices across sectors such as materials, energy, industrials, consumer goods, health care, financials, technology, communication services, and utilities. RDMX offers investors a diversified, ESG-focused investment vehicle targeting large- and mid-cap companies from countries including Japan, the United Kingdom, Canada, France, Switzerland, Germany, Australia, the Netherlands, Sweden, and others in Europe, Asia-Pacific, and North America. Launched in 2020 and domiciled in the United States with primary operations managed by State Street Global Advisors, the fund excludes U.S. equities to provide international diversification while applying proprietary ESG screens to filter for sustainable business practices. The ETF employs a market-capitalization-weighted methodology adjusted for ESG scores, with holdings rebalanced periodically to maintain alignment with the index; top sectors typically include industrials, financials, and health care, serving institutional and retail investors seeking responsible international equity exposure. In recent developments, the fund benefited from the broader adoption of SASB frameworks following the 2023 merger of SASB with the International Financial Reporting Standards (IFRS) Foundation's Value Reporting Foundation, enhancing its index methodology's credibility. State Street Global Advisors announced enhancements to SPDR ESG ETFs in 2024, including expanded data integration for climate risk metrics and stewardship voting aligned with SASB standards. No major acquisitions, funding rounds, or name changes have occurred for RDMX in the last two years, reflecting stable operations amid growing inflows into ESG products.