State Street to Rebalance Eight SPDR® Exchange Traded Funds In Accordance with New S&P Procedures
June 01 2009 - 11:14AM
Business Wire
State Street Global Advisors (SSgA), the investment management
arm of State Street Corporation (NYSE: STT), today announced it
will rebalance the holdings of eight SPDR� exchange traded funds
that seek to track S&P Select Industry Indices on June 19, 2009
in accordance with the new procedural changes implemented by
Standard & Poor�s.
Beginning with the June 2009 rebalancing of the S&P Select
Industry Indices, Standard & Poor�s will rebalance the indices
to equal weights using closing prices on the second Friday of the
rebalancing month (i.e. the stock price reference date is one week
prior to the rebalancing date effective date). The rebalancing
effective date will remain after the close of the third Friday of
the month.
The SPDR ETFs based on S&P Select Indices include:
- SPDR S&P Retail ETF (Symbol:
XRT)
- SPDR S&P Homebuilders ETF
(XHB)
- SPDR S&P Oil & Gas
Equipment & Services ETF (XES)
- SPDR S&P Oil & Gas
Exploration & Production ETF (XOP)
- SPDR S&P Pharmaceuticals ETF
(XPH)
- SPDR S&P Biotech ETF
(XBI)
- SPDR S&P Metals & Mining
ETF (XME)
- SPDR S&P Semiconductor ETF
(XSD)
State Street Global Advisors is one of the largest ETF providers
in the United States and globally. US assets under management for
SPDR ETFs totaled more than $129.5 billion as of March 31,
2009.
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 $1.4
trillion in assets under management at March 31, 2009, State Street
Global Advisors has investment centers in Boston, Hong Kong,
London, Montreal, Munich, Paris, Singapore, Sydney, Tokyo, Toronto
and Zurich, and offices in 25 cities worldwide. For more
information, visit State Street Global Advisors at
www.ssga.com.
SPDR ETFs are managed by SSgA Funds Management, Inc., a
registered investment adviser and wholly owned subsidiary of State
Street Bank and Trust Company.
Note to Editors: SPDR Exchange Traded Funds
SPDR ETFs are a comprehensive family spanning an array of
international and domestic asset classes. 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 ETF� 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. SPDR ETFs are managed or marketed by SSgA or SSgA Funds
Management, Inc, a registered investment adviser and wholly owned
subsidiary of State Street Bank and Trust Company.
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.
ETFs trade like stocks, are subject to investment risk and will
fluctuate in market value.
Distributor: State Street Global Markets, LLC, member FINRA,
SPIC, 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.
Before investing, consider the fund�s investment objectives,
risks, charges and expenses. To obtain a prospectus which contains
this and other information, call 1-866-787-2257 or visit
www.spdrs.com. Read it carefully.
IBG-0282
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