State Street Global Advisors (SSGA) is a leading investment management company that was founded in 1978. It's headquartered in Boston, Massachusetts, and has offices in many countries worldwide. The c...
State Street Global Advisors (SSGA) is a leading investment management company that offers a range of exchange-traded funds (ETFs), including the SPDR S&P MidCap 400 ETF (MDY). MDY is designed to provide investors with exposure to the mid-cap segment of the U.S. equity market.
As of July 18, 2023, MDY had total net assets of $29.5 billion, making it one of the largest mid-cap ETFs on the market. The fund seeks to replicate the holdings and performance of the S&P MidCap 400 Index, which is composed of 400 mid-cap stocks traded on the NYSE or NASDAQ.
One of the advantages of MDY is that it offers investors diversified exposure to mid-cap stocks, which have historically outperformed both large-cap and small-cap stocks over the long-term. Mid-cap companies are often well-established, with proven business models and financial stability, yet they also have greater growth potential than large-cap companies.
MDY has a relatively low expense ratio of 0.23%, which makes it an attractive option for investors seeking cost-efficient exposure to the mid-cap segment of the U.S. equity market. The fund also offers a dividend yield of around 1.3%.
Overall, MDY is a popular ETF for investors seeking diversified exposure to mid-cap stocks. As with any investment, it is important to carefully consider the risks and benefits before making a decision to invest in MDY.