State Street Global Advisors Issues 2009 ETF Mid-Year Review
July 22 2009 - 9:30AM
Business Wire
State Street Global Advisors, the investment management arm of
State Street Corporation (NYSE: STT), today announced the release
of a new report titled, 2009 ETF Mid-Year Review: Follow The Flows,
which details five key trends that helped shape the exchange traded
funds industry during the first half of 2009.
According to the research report, U.S. ETF asset flows were
marked by a continued shift away from Large Cap and Developed
International equities and into emerging markets and defensive
assets classes that include commodities and investment grade
corporate bonds during the first half of the year.
�Asset flows into ETFs remained strong during the first half of
the year, as demand for transparent, liquid, and cost-efficient
investment vehicles climbed,� said Anthony Rochte, senior managing
director at State Street Global Advisors. �Looking ahead, recent
ETF asset trends suggest a renewed concern surrounding inflation
and a bullish outlook for emerging market economies.�
Key themes highlighted in State Street�s 2009 ETF Mid-Year
Review, include:
- The continued success of
inverse/leveraged products;
- A practical approach for
commodity exposure;
- Increasing acceptance and
application of fixed income ETFs;
- Resurgence in demand for
emerging market products; and
- Inflationary fears persist.
For more information on these developments and others emerging
in the ETF industry, financial professionals can download a free
copy of the 2009 ETF Mid-Year Review at SPDR� University
(www.spdru.com), State Street�s award-winning online educational
resource for investment professionals.
State Street Global Advisors is one of the largest ETF providers
in the United States and globally. As of June 30, 2009, US assets
under management for SPDR ETFs totaled more than $143 billion.
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 $1.6
trillion in assets under management at June 30, 2009, State Street
Global Advisors has investment centers in Boston, Hong Kong,
London, Montreal, 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.
The �SPDR�� trademark is used under license from the McGraw-Hill
Companies, Inc. No financial product offered by State Street
Corporation or its affiliates is sponsored, endorsed, sold or
promoted by McGraw-Hill. Standard & Poor S&P SPDR S&P
500 and Select Sector SPDRs are trademarks of The McGraw-Hill
Companies, Inc., and have been licensed for use by State Street
Bank and Trust Company.
FOR INVESTMENT PROFESSIONAL AND MEDIA USE ONLY. Not for use with
the public.
Bond funds contain interest rate risk (as interest rates rise
bond prices usually fall). There are additional risks for funds
that invest in mortgage-backed and asset-backed securities
including the risk of issuer default; credit risk and inflation
risk.
Commodities contain heightened risk including market, political,
regulatory, and natural conditions, and may not be suitable for all
investors. The strategy will seek exposure to commodities through
commodity-linked derivatives. Derivatives and commodity-linked
derivatives may involve certain costs and risks such as liquidity,
interest rate, market, credit, management and the risk that a
position could not be closed when most advantageous.
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.
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.
Before investing, consider the funds� 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.
CORP-0006
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