State Street Enhances Its SPDRs Offering With New Emerging Markets ETF
May 20 2008 - 9:14AM
Business Wire
State Street Global Advisors (State Street), the investment
management arm of State Street Corporation (NYSE: STT), today
announced the launch of the SPDR S&P Emerging Markets Small Cap
ETF (Ticker: EWX) on the American Stock Exchange. The SPDR S&P
Emerging Markets Small Cap ETF seeks to track S&P/Citigroup
Emerging Market Small Cap < $2 Billion Index, which includes
more than 1,600 companies with market capitalizations below $2
billion domiciled in 26 countries. Its expense ratio is 0.65%. �The
SPDR S&P Emerging Markets Small Cap ETF is a key addition to
our growing family of SPDR ETFs,� said James Ross, senior managing
director at State Street. �In addition to helping investors further
diversify an international equity portfolio, EWX offers access to a
market segment that has been the source of increasing interest, as
small cap companies are often well positioned to take advantage of
the strong growth occurring within emerging markets.� The SPDR
S&P Emerging Markets Small Cap ETF compliments State Street�s
existing suite of emerging markets ETFs, which now includes eight
SPDR ETFs that provide precise, low cost access to segments of the
market that have previously been inefficient or not readily
accessible. These emerging markets SPDR ETFs include: SPDR S&P
BRIC 40 ETF (BIK); SPDR S&P China ETF (GXC); SPDR S&P
Emerging Asia Pacific ETF (GMF); SPDR S&P Emerging Europe ETF
(GUR); SPDR S&P Emerging Latin America ETF (GML); SPDR S&P
Emerging Markets ETF (GMM); and SPDR S&P Emerging Middle East
& Africa ETF (GAF). State Street is one of the largest ETF
providers in the United States and abroad with more than $159
billion of ETF assets under management.(a) Today, State Street�s
family of SPDR Exchange Traded Funds allows investors to choose
from more than 66 ETFs globally. For more information on SPDR
exchange traded funds visit www.spdretfs.com. 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, Toronto, 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.
Note to Editors: SPDR� Exchange Traded Funds SPDR ETFs are a
comprehensive family spanning an array of international and
domestic asset classes. Offered by State Street Global Advisors,
SPDR ETFs provide professional investors with the flexibility to
select investments that are precisely aligned to their investment
strategy. Recognized as the industry pioneer, State Street�in
partnership with the American Stock Exchange�created the first ETF
in 1993 (SPDR S&P 500 � Ticker SPY). Since then, we�ve
sustained our place as an industry innovator through the
introduction of many ground-breaking products, including
first-to-market successes with gold, international real estate,
international fixed income and sector ETFs. (a) As of March 31,
2008 SPDR ETFs are advised by SSgA Funds Management Inc., a
registered investment adviser and a wholly owned subsidiary of
State Street Corporation. 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. Small company
issues can be subject to increased volatility and considerable
price fluctuations. Securities focused on a single country involve
heightened risk and volatility. Frequent trading of ETFs could
significantly increase commissions and other costs such that they
may offset any savings from low fees or costs. 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. 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. 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.
10880-0509
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