State Street Global Advisors Launches First Global Natural Resources ETF
September 14 2010 - 9:38AM
Business Wire
State Street Global Advisors (SSgA), the investment management
business of State Street Corporation (NYSE: STT), today announced
that the SPDR® S&P® Global Natural Resources ETF (Symbol: GNR)
began trading on the NYSE Arca on September 14, 2010. Its annual
expense ratio is 0.40 percent.
Designed to provide investors with diversified, global exposure
across the Energy, Metals and Mining, and Agriculture sectors, the
SPDR S&P Global Natural Resources ETF seeks to track the
performance of the S&P Global Natural Resources Index. The
Index includes ninety of the largest publicly-traded companies in
global natural resources and commodities businesses. In addition to
being listed on a developed market exchange, Index constituents
must have a minimum of $1 billion market capitalization and a three
month average daily trading value of $5 million or more.
“The SPDR S&P Global Natural Resources ETF was developed in
response to demand from sophisticated investors and financial
advisors seeking precise natural resources exposure that is not
overweight on the energy sector,” said James Ross, senior managing
director at State Street Global Advisors. “With the addition of the
SPDR S&P Natural Resources ETF, our family of SPDR ETFs
provides investors with an opportunity to benefit from increasing
natural resources demand across the globe.”
Index holdings are equally-weighted across the energy, metals
and mining, and agriculture sectors. This index methodology offers
investors exposure that is diversified, liquid, and balanced, and
prevents overweighting energy companies, which make up more than 10
percent of the S&P 500® Index based on market
capitalization.
“With the consumption of natural resources poised for growth in
both emerging markets and developed countries, the investment
outlook for this sector remains promising,” said Dan Peirce, vice
president and a portfolio manager with the Multi Asset Class
Solutions team at State Street Global Advisors. “In light of the
sector’s attractive supply and demand dynamics and relatively low
correlation with other asset classes, the benefits of investing in
natural resources are becoming increasingly apparent to
investors.”
State Street manages more than $200 billion in SPDR ETF assets
worldwide (as of June 30, 2010) and is one of the largest ETF
providers in the US and globally.
About 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 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 launches with
gold, international real estate, international fixed income and
sector ETFs. For more information, visit www.spdrs.com.
About State Street Global Advisors
State Street Global Advisors (SSgA) is a global leader in asset
management. We are relied on by sophisticated investors worldwide
for our disciplined investment process, powerful global investment
platform and access to every major asset class, capitalization
range and style. SSgA is the asset management business of State
Street, one of the world’s leading providers of financial services
to institutional investors.
ETFs trade like stocks, are subject to investment risk,
fluctuate in market value and may trade at prices above or below
the ETFs net asset value. Brokerage commissions and ETF expenses
will reduce returns.
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.
Because of their narrow focus, sector funds tend to be more
volatile than funds that diversify across many sectors and
companies.
Neither diversification nor asset allocation ensure a profit or
guarantee against loss.
"SPDR®" is a registered trademark of Standard & Poor’s
Financial Services LLC ("S&P") and has been licensed for use by
State Street Corporation. No financial product offered by State
Street Corporation or its affiliates is sponsored, endorsed, sold
or promoted by S&P or its Affiliates, and S&P and its
affiliates make no representation, warranty or condition regarding
the advisability of buying, selling or holding units/shares in such
products. Further limitations and important information that could
affect investors' rights are described in the prospectus for the
applicable product.
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 or summary
prospectus which contains this and other information, call
1-866-787-2257 or visit www.spdrs.com. Read it
carefully.
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