State Street Expands International ETF Offering
January 29 2007 - 10:14AM
Business Wire
State Street Global Advisors (�State Street�)*, the investment
management arm of State Street Corporation (NYSE: STT), today
announced that it will launch the SPDR� FTSE/Macquarie Global
Infrastructure 100 ETF (AMEX: GII) on January 30. This SPDR seeks
to track an index of developed and emerging country stocks involved
in infrastructure industries such as pipelines, transportation
services, electricity, water, and telecommunications. The Macquarie
Global Infrastructure 100 Index, calculated by leading global index
provider FTSE Group, serves as the underlying benchmark for GII.
�With the launch of this SPDR, we are responding to our clients�
demands for access to stocks that cover infrastructure industries
on a global scale,� said Anthony Rochte, senior managing director
of State Street Global Advisors. �This product is part of our
steadfast commitment to provide quality offerings that precisely
align with investors� investment strategies.� This SPDR complements
State Street�s series of international ETF offerings. Recently,
State Street launched the SPDR� MSCI ACWI (All Country World Index)
ex-US ETF (AMEX: CWI) on the American Stock Exchange� (Amex�). It
is benchmarked against the MSCI All Country World exUSA Index and
includes both developed and emerging markets outside of the United
States. State Street manages more than $113 billion ETF assets
worldwide (as of December 31, 2006) and is one of the largest
providers in the U.S. and globally, with a market share of more
than 20 percent.** State Street continues to experience significant
demand for these investment strategies and today manages a total of
70 ETFs worldwide. About State Street Global Advisors State Street
Global Advisors, the investment management arm of State Street
Corporation, delivers investment strategies and integrated
solutions to clients worldwide across every asset class, investment
approach and style. With US$1.7�trillion in assets under management
as of December 31, 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. * The Funds are advised by SSgA Funds
Management Inc., a registered investment adviser and a wholly owned
subsidiary of State Street Corporation. ** Source: SSgA Advisor
Consulting Services as of December 31, 2006 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, all of which may be magnified in emerging markets.
Funds investing in a single sector may be subject to more
volatility than funds investing in a diverse group of sectors. The
Macquarie Global Infrastructure 100 Index is a trademark of
Macquarie and has been licensed for use by State Street Bank and
Trust Company through its State Street Global Advisors Division.
The SPDR� FTSE/Macquarie Global Infrastructure 100 ETF is not in
any way sponsored, endorsed, managed, sold or promoted by FTSE
International Limited ("FTSE"), Macquarie Bank Limited or its
affiliates or subsidiaries, the London Stock Exchange Plc (the
"Exchange") or by The Financial Times Limited ("FT"). For further
important information and disclaimers regarding Macquarie, see
spdretfs.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. The SPDR� MSCI ACWI
ex-US ETF is based on an MSCI Index. This ETF is not sponsored,
endorsed, or promoted by MSCI, and MSCI bears no liability with
respect to any such financial product or any index on which such
financial product is based. The prospectus contains a more detailed
description of the limited relationship MSCI has with State Street.
The Macquarie Global Infrastructure 100 Index (��MGI 100 Index��)
calculated by the Financial Times Stock Exchange (��FTSE��) is
designed to reflect the stock performance of companies within the
infrastructure industry, principally those engaged in management,
ownership and operation of infrastructure and utility assets. The
MGI 100 Index is a composite of the broader Macquarie Global
Infrastructure Index (��MGII��) which is based on 255 stocks (as of
September 30, 2006) in the FTSE Global Equity Index Series. The MGI
100 Index is based on the universe of the MGII with a further
country screen allowing only constituents in the FTSE developed and
FTSE Advanced Emerging regions. Eligible countries from the MGII
are then re-ranked by investable market with the top 100 being
included in the index. The MSCI ACWISM ex USA Index is a free
float-adjusted market capitalization index that is designed to
measure equity market performance in all global developed and
emerging markets outside of the US. State Street Global Markets,
LLC, member NASD, SIPC, distributor. Before investing, carefully
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. 10293-0108
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