State Street Enhances Its ETF Offering With Six New Emerging Markets ETFs
March 22 2007 - 10:38AM
Business Wire
State Street Global Advisors (SSgA)(a), the investment management
arm of State Street Corporation (NYSE: STT), today announced that
six new SPDRSSM emerging markets exchange traded funds (ETFs) will
begin trading on the American Stock Exchange (Amex) on March 23.
With the launch of these ETFs, State Street�s international ETF
offering now spans developed and emerging economies. The six ETFs
are based upon the S&P/Citigroup Global Equity Indices. The new
SPDR� ETFs, which deliver precise exposure to many segments of the
market that have previously been difficult to access, include: ETF
Name Ticker Index Country Exposure SPDR� S&P� Emerging Markets
ETF GMM Index includes more than 1,500 companies across 26 emerging
countries. SPDR S&P Emerging Latin America ETF GML Index
includes companies domiciled in Argentina, Brazil, Chile, Columbia,
Mexico, Peru, and Venezuela. SPDR S&P Emerging Middle East
& Africa ETF GAF Index includes companies domiciled in Egypt,
Israel, Jordan, Morocco, Nigeria, and South Africa. SPDR S&P
Emerging Europe ETF GUR Index features companies in countries that
are nearing acceptance into the EU, including Czech Republic,
Hungary, Poland, Russia, and Turkey. SPDR S&P Emerging Asia
Pacific ETF GMF Index includes companies domiciled in China, India,
Indonesia, Malaysia, Pakistan, the Philippines, Taiwan, and
Thailand. SPDR S&P China ETF GXC Underlying index includes over
150 companies domiciled in China. �Developed in response to
investor demand, our new international SPDRS provide distinct
exposure to virtually the entire emerging markets universe, several
key regions, including China,� says James Ross, senior managing
director of State Street Global Advisors. �The regional SPDRS are
designed to provide a level of diversification unavailable in more
concentrated country-specific approaches, and the SPDR S&P
China ETF covers a much larger range of the Chinese equity market
than any of the country�s other benchmarks.� State Street manages
more than $109 billion ETF assets worldwide (as of February 28,
2007) and is one of the largest providers in the U.S. and globally,
with a market share of more than 22 percent in the U.S. and 18
percent globally.(b) State Street continues to experience
significant demand for these investment strategies and today
manages a total of 76 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. For more information, visit State
Street Global Advisors at www.ssga.com. (a) The Funds are advised
by SSgA Funds Management Inc., a registered investment adviser and
a wholly owned subsidiary of SSgA. (b) Source: SSgA Advisor
Consulting Services as of February 28, 2007 ETFs trade like a stock
and are subject to market risk. Foreign investments involve greater
risks than US 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 �SPDRS� 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. Distributor: State
Street Global Markets, LLC, member NASD, SIPC. 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. 10387-0308
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