State Street Global Advisors Selects Celfin Capital to Promote SPDR® ETFs in Latin America’s Andean Region
March 15 2011 - 9:30AM
Business Wire
State Street Global Advisors (SSgA), the asset management
business of State Street Corporation (NYSE: STT), today announced
that it has entered into an agreement with Celfin Capital, a
leading financial service provider in Latin America’s Andean
Region, under which Celfin will promote SSgA’s SPDR® exchange
traded funds (ETFs).
Recognized as the largest distributor of foreign mutual funds in
the region, Celfin will be responsible for promoting SPDR ETFs to
institutional investors including pension funds, mutual funds and
insurance companies in Chile, Colombia and Peru.
“We are pleased to have been selected to promote the SPDR family
of ETFs to our growing client base,” said Alejandro Montero, CEO at
Celfin Capital. “As the industry’s pioneer and one of the most
recognized brands in the world, SPDR ETFs have undoubtedly
transformed investors’ ability to gain efficient exposure to a wide
range of sectors, industries, asset classes and geographies through
many innovative products. The addition of SPDR ETFs is a great
complement to our current offering, and we look forward to a
successful collaboration.”
Today, SSgA is one of the largest ETF providers globally with
$255 billion in assets as of December 31, 2010* with $2.8 billion**
in ETF assets in Latin America as of September 30, 2010.
“In addition to delivering superior client service to both
institutional and individual investors in the Andean region, Celfin
brings deep knowledge of local and international markets,” said
James Ross, senior managing director and global head of SPDR ETFs
at State Street Global Advisors. “Our newly formed alliance with
Celfin is an important milestone as we continue to expand our SPDR
ETF footprint globally to meet investors’ needs.”
About Celfin Capital
Founded in 1988, Celfin Capital is one of Latin America’s
leading independent financial services firms. With offices in
Chile, Peru and Colombia and over five hundred employees, the firm
has four main business areas: investment banking and corporate
finance; sales and brokerage; private banking; and asset
management. Celfin Capital is in a period of rapid international
expansion.
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. 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 Strategy & Research. This AUM includes
the assets of the SPDR Gold Trust (approx. $56 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.
**Source: Latin Asset Management and Deutsche Bank AG. This AUM
includes the assets of the SPDR Gold Trust (approx. $28 million [as
of September 30, 2010]), for which State Street Global Markets,
LLC, an affiliate of State Street Global Advisors serves as the
marketing agent.
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.
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. ALPS Distributors, Inc., a
registered broker-dealer, is distributor for SPDR shares, MidCap
SPDRs and Dow Jones Industrial Average, all unit investment trusts
and Select Sector SPDRs.
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-0295
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