State Street Global Advisors (SSgA)*, the asset management
business of State Street Corporation (NYSE: STT) and creator of
SPDR ETFs, today announced the launch of ETF Fact or Fiction
(www.etffactorfiction.com), a new website that provides individual
investors with a comprehensive, trusted resource for exchange
traded fund (ETF) education. Designed to help investors better
understand one of the fastest growing investment vehicles, the new
site enhances SPDR ETF’s existing suite of educational resources,
which includes www.spdrs.com and SPDR University
(www.spdru.com).
Featuring commentary, research, and thought leadership from
State Street Global Advisors, ETF Fact or Fiction will detail
nuances of the ETF product structure, address common questions and
misconceptions, and highlight key industry trends to help investors
better evaluate ETFs. Included among the materials available
through the website are:
Exchange Traded Funds: A Brief Introduction –
an informative presentation that covers ETF basics and benefits,
how ETFs compare and contrast to mutual funds, and the role of ETFs
in building and maintaining a diversified portfolio;
How ETFs are Created and Redeemed – a concise
article that reviews the process through which ETF shares are
created, redeemed, and traded;
Separating ETF Facts From Fiction – a new
comprehensive report that explores ETFs and the Flash Crash, ETF
Tracking Error, the use of derivatives in ETFs, and the impact of
securities lending by ETFs; and
Securities Lending & ETFs: An Overview –
a new white paper that dissects the securities lending process -
including its risks and benefits - and details best practices to
mitigate key counterparty, collateral, and operational
concerns.
“As the use of ETFs by individual investors continues to grow,
improving investor education remains a core guiding principal for
our SPDR® ETF business,” said James Ross, senior managing director
and global head of SPDR Exchange Traded Funds at State Street
Global Advisors. “The launch of www.etffactorfiction.com adds an
exciting new dimension to our existing online educational resources
at a critical time in the growth of the ETF industry.”
In addition to featuring white papers, articles, and reports on
timely topics, ETF Fact or Fiction will also offer insights from
SPDR ETF executives and a thought leadership series titled, ETF:
Fact or Fiction that will help investors make better informed
decisions. The first piece in this series is titled, An ETF’s
Expense Ratio is Not the Only Factor That Determines Total
Cost.
For more information on ETF Fact or Fiction, visit
www.etffactorfiction.com.
State Street manages more than $271** billion in SPDR ETF assets
worldwide (as of December 31, 2011) and is one of the largest ETF
providers globally.
About SPDR Exchange Traded Funds
SPDR ETFs are a comprehensive family spanning an array of
international and domestic asset classes. SPDR ETFs are managed by
SSgA Funds Management, Inc., a registered investment adviser and
wholly owned subsidiary of State Street Bank and Trust Company. The
funds 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 Corporation, one of the world’s leading
providers of financial services to institutional investors.
*SPDR ETFs are managed by SSgA Funds Management, Inc., a
registered investment adviser and wholly owned subsidiary of State
Street Bank & Trust Company.
**This AUM includes the assets of the SPDR Gold Trust (approx.
$63 billion as of December 31, 2011), 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.
The views expressed on ETF Fact or Fiction
(www.etffactorfiction.com) are the views of State Street or the
author and are subject to change based on market and other
conditions. The opinions expressed may differ from those with
different investment philosophies. The information provided on ETF
Fact or Fiction (www.etffactorfiction.com) does not constitute
investment advice and it should not be relied on as such. It does
not take into account any investor’s particular investment
objectives, strategies, tax status or investment horizon. Investors
should seek the advice of their own investment, financial, tax,
legal and other advisors prior to making any investment
decision.
"SPDR" is a registered trademark of Standard & Poor's
Financial Services LLC ("S&P") and has been licensed for use by
State Street Corporation. STANDARD & POOR'S, S&P, S&P
500 and S&P MIDCAP 400 are registered trademarks of Standard
& Poor's Financial Services LLC. 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
866.787.2257 or visit www.spdrs.com. Read it
carefully.
2011 State Street Corporation. All Rights Reserved.
CORP-0434
Exp. Date 12/31/2012
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