State Street Re-Brands Its Exchange-Traded Funds
January 08 2007 - 10:35AM
Business Wire
State Street Global Advisors (�State Street�), the investment
management arm of State Street Corporation (NYSE: STT), today
announced that it is re-branding its exchange-traded funds (ETFs)
and will be consolidating its offerings under the singular umbrella
brand of SPDRsSM. The initiative will be implemented in several
phases, beginning on January 8, 2007 and conclude later this year.
The ticker symbols for the ETFs will remain unchanged. �The move
toward a unified brand is designed to bring clarity to investors
and further distinguish our ETFs,� said James Ross, senior managing
director of State Street Global Advisors. �Having introduced the
original SPDR ETF (based on the S&P 500� Index) the world�s
first and�largest(a) ETF in 1993, State Street takes great pride in
its heritage as the ETF industry�s pioneer, the quality of our
offerings and the benefits they provide to investors.� After
conducting extensive research, State Street determined that
consolidating its ETF products under the �SPDR� name, re-branding
its website (www.spdretfs.com), and introducing a new logo
featuring a re-designed version of the brand�s mark (a spider
illustration),�would present a more discernible suite of products.
To support the re-branding initiative, State Street is also
launching a major advertising campaign, created around a new
tagline � �Precise in a world that isn�t.SM� For a list of ETFs
that will begin trading under their new names on January 8, 2007,
please see the attached document. �The new brand platform centers
around the concept of precision in two ways,� said Tony Rochte,
head of U.S. Intermediary Sales and Client Service at State Street
Global Advisors. �First, the suggestion of SPDRs� product purity
and second, what investors look for in an investment: A vehicle
that helps them to precisely match their investment strategy.�
Assets Under Management Hit New Heights In October 2006, State
Street Global Advisors� U.S. assets under management in ETFs topped
$100 billion for the first time � up from $75 billion year over
year. As one of the largest ETF providers in the U.S. and globally,
State Street continues to experience significant demand for its
offerings and at year-end 2006, managed approximately $102 billion
across 43 ETFs domestic ($113 billion and 67 worldwide). 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 $1.6 trillion in assets under management as of September 30,
2006, State Street Global Advisors has investment centers in
Boston, Hong Kong, London, Milan, Montreal, Munich, Paris,
Singapore, Sydney, Tokyo and Zurich, and offices in 25 cities
worldwide. For more information, visit State Street Global Advisors
at www.ssga.com. 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. Funds that
begin trading under new names on January 8, 2007, include: Former
Name � New Name Ticker streetTRACKS Dow Jones Global Titans ETF �
SPDR� DJ Global Titans ETF DGT streetTRACKS DJ Wilshire Large Cap
ETF � SPDR DJ Wilshire Large Cap ETF ELR streetTRACKS DJ Wilshire
Large Cap Growth ETF � SPDR DJ Wilshire Large Cap Growth ETF ELG
streetTRACKS DJ Wilshire Large Cap Value ETF � SPDR DJ Wilshire
Large Cap Value ETF ELV streetTRACKS DJ Wilshire Mid Cap ETF � SPDR
DJ Wilshire Mid Cap ETF EMM streetTRACKS DJ Wilshire Mid Cap Growth
ETF � SPDR DJ Wilshire Mid Cap Growth ETF EMG streetTRACKS DJ
Wilshire Mid Cap Value ETF � SPDR DJ Wilshire Mid Cap Value ETF EMV
streetTRACKS DJ Wilshire Small Cap ETF � SPDR DJ Wilshire Small Cap
ETF DSC streetTRACKS DJ Wilshire Small Cap Growth ETF � SPDR DJ
Wilshire Small Cap Growth ETF DSG streetTRACKS DJ Wilshire Small
Cap Value ETF � SPDR DJ Wilshire Small Cap Value ETF DSV
streetTRACKS DJ Wilshire Total Market ETF � SPDR DJ Wilshire Total
Market ETF TMW SPDR Dividend ETF � SPDR S&P� Dividend ETF SDY
SPDR Homebuilders ETF � SPDR S&P Homebuilders ETF XHB SPDR
Biotech ETF � SPDR S&P Biotech ETF XBI SPDR Metals and Mining
ETF � SPDR S&P Metals & Mining ETF XME SPDR Oil & Gas
Equipment & Services ETF � SPDR S&P Oil & Gas Equipment
& Services ETF XES SPDR Oil & Gas Exploration &
Production ETF � SPDR S&P Oil & Gas Exploration &
Production ETF XOP SPDR Pharmaceuticals ETF � SPDR S&P
Pharmaceuticals ETF XPH SPDR Retail ETF � SPDR S&P Retail ETF
XRT SPDR Semiconductor ETF � SPDR S&P Semiconductor ETF XSD
streetTRACKS Russell/Nomura PRIME Japan ETF � SPDR Russell/Nomura
PRIME� Japan ETF JPP streetTRACKS Russell/Nomura Small Cap Japan
ETF � SPDR Russell/Nomura Small Cap� Japan ETF JSC streetTRACKS DJ
Wilshire International Real Estate ETF � SPDR DJ Wilshire
International Real Estate ETF RWX (a) Based on assets under
management as of December 31, 2006 The Funds are advised by SSgA
Funds Management Inc., a registered investment adviser and a wholly
owned subsidiary of SSgA. ETFs trade like a stock and are subject
to market risk. Dow Jones Wilshire exUS RESI is an index designed
to provide measures of non-U.S. 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 used 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 State Street
Global Markets, LLC, member NASD, SIPC, is distributor for all
SSgA� Funds and SPDRs products except for SPDR S&P 500, Dow
Diamonds and Select Sector SPDRS which are distributed by ALPS
Distributors, Inc., a registered broker-dealer. Before investing,
consider the funds� investment objectives, risks, charges and
expenses. A prospectus, which contains this and other important
information about the fund can be obtained by calling 866.787.2257.
Read it carefully before investing. 10245-0108
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