For many years now there were no ETFs or mutual funds that concentrated only on international utility stocks. State Street seems to have figured out this problem. Recently they have launched the first foreign utilities ETF.This ETF is great for investors looking to invest in foreign utilities but cannot afford to pick many stocks.

Here are some details:

ETF: SPDR®S&P® International Utilities Sector ETF
Ticker: IPU
Sector: Foreign utilities only
Market cap: About $6.0 Mil (as of August 1,2008)
Expense Ratio: 0.5%

The top five country weights in the portfolio:
Germany – 20.72%
United Kingdom – 15.51%
France – 15.15%
Spain – 14.32%
Japan – 13.76%

The total number of stocks in the fund = 52. The complete holdings of this ETF are as follows:

[TABLE=74]

The dividend yield information is not posted yet. So we will keep an eye on this new fund.