- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 1 Iron Street Boston MA United States of America 2210
- IPO Date
- Oct 21, 2002
- Business
- SPDR Portfolio Europe ETF (SPEU) is an exchange-traded fund that seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the STOXX Europe Total Market Index, a free-float market capitalization-weighted index designed to provide broad representation of publicly traded Western European companies across the market-cap spectrum; it employs a representative sampling strategy, investing substantially all, but at least 80%, of its total assets in the securities comprising the index or depositary receipts representing such securities; the fund holds approximately 1,805 securities spanning sectors including financials (22.83%), industrials (19.91%), health care (12.73%), consumer staples (8.99%), and information technology (7.39%), with top holdings such as ASML Holding NV (2.18%), SAP SE (2.16%), Nestle SA (1.78%), Novartis AG (1.64%), and Roche Holding AG (1.59%); country exposures include the United Kingdom (22.49%), France (15.92%), Germany (14.76%), and Switzerland (13.82%). SPEU targets investors seeking diversified, low-cost exposure to Western European equities, mitigating country-specific risks through broad market coverage. Launched on October 15, 2002 and domiciled in the United States, the ETF is issued and managed by State Street Global Advisors, Inc. (SSGA Funds Management, Inc.), with headquarters in Boston, Massachusetts, and features a gross expense ratio of 0.07%, an index dividend yield of 3.16%, a price/earnings ratio (FY1) of 14.86, and assets under management exceeding $700 million. In September 2019, the fund underwent a major reorganization, changing its name from SPDR STOXX Europe 50 ETF, benchmark from STOXX Europe 50 Index to STOXX Europe Total Market Index for broader exposure, and ticker from FEU to SPEU, enhancing its scope from large-cap blue-chips to comprehensive Western European market representation.