State Street Global Advisors Introduces Three New SPDR® Industry ETFs
January 27 2011 - 9:56AM
Business Wire
State Street Global Advisors (SSgA), the asset management
business of State Street Corporation (NYSE: STT), today announced
that the SPDR S&P® Transportation ETF (Symbol: XTN),
SPDR S&P Telecom ETF (Symbol: XTL), and SPDR S&P Healthcare
Equipment ETF (Symbol: XHE) began trading on the NYSE Arca on
January 27, 2011. The launch of these three exchange traded funds
(ETFs) brings State Street’s family of SPDR ETFs in the US to 96
offerings, including 41 that provide precise exposure to a wide
range of US, international, and global industries, sectors and real
estate segments.
SSgA’s three new SPDR industry ETFs will seek to track the
performance of a series of S&P Select Industry Indices, which
are designed to measure the performance of narrow Global Industry
Classification Standard (GICS®) sub-industries, the most detailed
level of industry definition. Constituent stocks are members of the
S&P Total Market Index, which includes all common equities
listed on the NYSE and the NASDAQ US exchanges.
“Our family of exchange traded funds continues to expand to meet
the needs of a growing number of investors and financial
professionals who rely on SPDR ETFs to implement a variety of asset
allocation strategies and enhance the diversification of their
portfolios,” said James Ross, senior managing director and global
head of SPDR Exchange Traded Funds at State Street Global Advisors.
“With the addition of these three new SPDR ETFs, investors have the
ability to access the closely-followed transportation, telecom and
healthcare industries with unmatched precision.”
SSgA’s new ETFs include:
ETF Name Ticker Index
Description Expense Ratio SPDR S&P Transportation
ETF XTN The S&P Transportation
Select Industry Index is an equal-weighted index that includes 32
transportation companies with market capitalizations of at least
$400 million. 0.35% SPDR S&P Telecom ETF XTL
The S&P Telecom Select Industry Index is an
equal-weighted index that includes 27 telecom companies with market
capitalizations of at least $400 million. 0.35% SPDR S&P
Healthcare Equipment ETF XHE S&P
Healthcare Equipment Select Industry Index is an equal-weighted
index that includes 30 healthcare equipment companies with market
capitalizations of at least $400 million. 0.35%
State Street manages $255 billion* in SPDR ETF assets worldwide
(as of December 31, 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. The firm is relied on by sophisticated investors
worldwide for its 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.
*Source: SSgA Global ETF Strategy & Research. This AUM
includes the assets of the SPDR Gold Trust (approx. $58 billion [as
of December 31, 2010]), for which State Street Global Markets, LLC,
an affiliate of State Street Global Advisors serves as the
marketing agent.
Important Risk Information:
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.
Because of their narrow focus, sector investing tends to be more
volatile than investments that diversify across many sectors and
companies.
Asset Allocation may be used in an effort to manage risk and
enhance returns. It does not, however, guarantee a profit or
protect against loss.
Diversification does not 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.
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.
Corp - 0280
State Street (NYSE:STT)
Historical Stock Chart
From May 2024 to Jun 2024
State Street (NYSE:STT)
Historical Stock Chart
From Jun 2023 to Jun 2024