State Street Unveils New Global and International SPDRs (SM)
12 Mayo 2008 - 2:21PM
Business Wire
State Street Global Advisors (SSgA), the investment management arm
of State Street Corporation (NYSE: STT), today announced two new
SPDR exchange traded funds (ETFs) will begin trading on the
American Stock Exchange on May 13. Developed to provide investors
with precise exposure to targeted segments of the global and
international markets, the new SPDRs include: ETF Name � Ticker �
Index Description � Expense Ratio SPDR� DJ Wilshire Global Real
Estate ETF � RWO � Index includes more than 240 commercial and
residential real estate companies domiciled in 23 countries across
the globe, including the U.S. � 0.50% SPDR� S&P International
Mid Cap ETF � MDD � Index includes more than 850 companies with
market capitalizations between $2 and $5 billion domiciled in 25
developed countries outside the U.S. � 0.45% �Offering a level of
international diversification that has not been readily accessible
in the past, the new SPDR S&P International Mid Cap ETF was
developed to meet increasing investor demand for more high quality
international portfolio management tools,� said James Ross, senior
managing director at State Street. �With the addition of the SPDR
DJ Wilshire Global Real Estate ETF, our family of SPDRs ETFs now
provides investors with distinct exposure to the domestic,
international, and global real estate markets.� State Street Global
Advisors is one of the largest ETF providers in the United States
and globally. As of March 31, 2008, US assets under management in
State Street�s ETFs totaled more than $148.2 billion� � up from
$103.3 billion year over year. About State Street Global Advisors
State Street Global Advisors, the investment management arm of
State Street Corporation (NYSE: STT), delivers investment
strategies and integrated solutions to clients worldwide across
every asset class, investment approach and style. With $2 trillion
in assets under management at March 31, 2008, State Street Global
Advisors has investment centers in Boston, Hong Kong, London,
Montreal, Munich, Paris, Singapore, Sydney, Tokyo and Zurich, and
offices in 27 cities worldwide. For more information, visit State
Street Global Advisors at www.ssga.com. �SSgA Funds Management,
Inc. manages $148.2 billion in ETF assets in the US as of March 31,
2008. ETFs trade like stocks, are subject to investment risk and
will fluctuate in market value. Foreign investments involve greater
risks than U.S. investments, including political and economic risks
and the risk of currency fluctuations. Investments in mid-sized
companies may involve greater risks than those in larger, better
known companies, but may be less volatile than investments in
smaller companies. REIT funds may be subject to a high degree of
market risk due to lack of industry diversification. REIT funds may
be subject to other risks including, but not limited to, changes in
real estate values or economic conditions, credit risk and interest
rate fluctuations and changes in the value of the underlying
property owned by the trust and defaults by borrowers.
Diversification does not ensure a profit or guarantee against loss.
S&P� is a trademark of The McGraw-Hill Companies, Inc. and has
been licensed for use by State Street Bank and Trust Company. The
products are not sponsored, endorsed, sold or promoted by Standard
& Poor�s, and Standard & Poor�s makes no representations
regarding the advisability of investing in the Fund. The �SPDR�
trademark is used under license from The McGraw-Hill Companies,
Inc. (�McGraw-Hill�). No financial product offered by State Street
Corporation or its affiliates is sponsored, endorsed, sold or
promoted by McGraw-Hill. S&P� and S&P 500� Index are
trademarks of The McGraw-Hill Companies, Inc. and have been
licensed for use by State Street Bank and Trust Company. Dow Jones
Wilshire Global Real Estate Securities Index (RESI) is an index
designed to provide measures of real estate securities that serve
as proxies for direct real estate investing. Dow Jones &
Company, Inc. is the owner of the trademarks and copyrights
relating to the Dow Jones Indexes. The Dow Jones Wilshire IndexesSM
are calculated and distributed by Dow Jones Indexes pursuant to an
agreement between Dow Jones & Company, Inc. and Wilshire
Associates Incorporated. Dow Jones and Wilshire are the respective
service marks of Dow Jones and Wilshire Associates and have been
licensed for use by State Street Bank and Trust Company.
streetTRACKS� products, based on the Dow Jones Wilshire Indexes,
are not sponsored, endorsed, sold, or promoted by Dow Jones or
Wilshire and neither make any representation regarding the
advisability of investing in them. Inclusion of a company in the
Dow Jones Wilshire Indexes does not in any way reflect an opinion
of Dow Jones or Wilshire on the investment merits of the company.
Investors should consider the investment objectives, risks, charges
and expenses of the fund carefully before investing. A prospectus
which contains this and other information about the fund can be
obtained by calling 866.787.2257 or speaking to your financial
advisor. Read the prospectus carefully before investing.
Distributor: State Street Global Markets, LLC, member FINRA, SIPC,
a wholly owned subsidiary of State Street Corporation. References
to State Street may include State Street Corporation and its
affiliates. Certain State Street affiliates provide services and
receive fees from the SPDR ETFs. 10867-0509
Spdr S&P International Mid Cap Etf (AMEX:MDD)
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