State Street Global Advisors Introduces the First Emerging Asia Pacific Small Cap Exchange Traded Fund
January 12 2012 - 9:54AM
Business Wire
State Street Global Advisors (SSgA)*, the asset management
business of State Street Corporation (NYSE: STT), today announced
that the SPDR® S&P® Small Cap Emerging Asia Pacific ETF
(Symbol: GMFS) began trading on the NYSE Arca on January 12, 2012.
The first emerging Asia Pacific small cap ETF, the new fund
provides investors with access to companies poised to benefit from
the growth of emerging Asia’s middle class. Its annual expense
ratio is 0.65 percent.
The SPDR S&P Small Cap Emerging Asia Pacific ETF seeks to
track the performance of the S&P Asia Pacific Emerging Under $2
Billion Index. The Index is a float-adjusted market capitalization
weighted benchmark that includes publicly listed companies with a
total market capitalization between $100 million and $2 billion.
Each individual stock is capped at a maximum of 25 percent of the
index weight, and the top five stocks are capped at a maximum of 50
percent of the index weight. Among the countries historically
covered in the Index are China, India, Indonesia, Malaysia,
Philippines, Taiwan, and Thailand. As of December 31, 2011, the
Index was comprised of 1,455 securities.
“Emerging market small cap stocks are an attractive opportunity
for many investors, as broad emerging market equity funds are often
dominated by large cap companies that rely on developed world
demand,” said James Ross, senior managing director and global head
of SPDR Exchange Traded Funds at State Street Global Advisors. “In
providing investors with precise access to an asset class with the
potential to provide portfolio growth and diversification benefits,
the SPDR S&P Small Cap Emerging Asia Pacific ETF enhances our
family of emerging market SPDR ETFs, which includes the SPDR
S&P Emerging Markets Small Cap ETF.”
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.
Bond funds contain interest rate risk (as interest rates rise
bond prices usually fall); the risk of issuer default; issuer
credit risk; liquidity risk; and inflation risk.
Foreign investments involve greater risks than U.S. investments,
including political and economic risks and the risk of currency
fluctuations.
“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 or its affiliates is sponsored, endorsed, sold or promoted
by S&P.
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.
IBG-5324
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