State Street Unveils Two New International SPDRs( SM), Including The First Capitalization Weighted International Small Cap ETF
April 25 2007 - 9:11AM
Business Wire
State Street Global Advisors (SSgA)(a), the investment management
arm of State Street Corporation (NYSE: STT), today announced two
new SPDRsSM exchange traded funds (ETFs) will begin trading on the
American Stock Exchange (Amex) on April 26. Based upon
S&P�/Citigroup� Global Equity Indices, the new SPDRs offer
investors precise, low-cost access to developed international
markets, including the first capitalization-weighted vehicle
covering international small cap equities. ETF Name Ticker Index
Country Exposure Expense Ratio SPDR� S&P� International Small
Cap ETF GWX Index includes companies with market capitalizations
below $2 billion domiciled in developed countries outside the U.S.
0.60% SPDR S&P World ex-US ETF GWL Index includes more than
5,000 companies domiciled in developed countries outside the U.S.,
including Canada. 0.35% � Offering investors unmatched exposure to
developed and emerging markets, our comprehensive family of
international ETFs has been met with strong demand,� said James
Ross, senior managing director of State Street Global Advisors. �In
providing access to virtually the entire developed international
market and the overseas small-cap market, these two new SPDRs are
powerful additions for investors looking to build well-diversified
portfolios.� With the launch of these two SPDRs, State Street�s
family of US-listed ETFs features 53 funds � including a full suite
of 16 that offer precise access to international and emerging
markets. State Street manages more than $114 billion of ETF assets
worldwide (as of March 31, 2007) and is one of the largest
providers in the US and globally, with a market share of nearly 20
percent. (b) 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$1.8�trillion in assets under management
as of March 31, 2007, 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 March 31, 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. Small company issues can be subject to
increased volatility and considerable price fluctuations. Frequent
trading of ETF�s could significantly increase commissions and other
costs such that they may offset any savings from low fees or costs.
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. 10444-0408
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