State Street Global Advisors Launches New Emerging Markets and Global Equity SPDR® Exchange Traded Funds
February 28 2012 - 9:45AM
Business Wire
State Street Global Advisors (SSgA)*, the asset management
business of State Street Corporation (NYSE: STT), today announced
that the SPDR® MSCI EM 50 ETF (Symbol: EMFT) and the SPDR MSCI ACWI
IMI ETF (Symbol: ACIM) began trading on the NYSE Arca on February
28, 2012. The new SPDR ETFs are designed to provide investors with
an opportunity to tap into the growth potential of emerging market
and international equities.
The SPDR MSCI EM 50 ETF seeks to track the performance of the
MSCI EM 50 Index. The Index is a free float-adjusted market
capitalization- weighted index that includes 50 of the largest MSCI
Emerging Markets Index constituents. To enhance liquidity, the
Index applies eligibility screens that exclude smaller emerging
market countries and replaces constituent securities for selected
markets with depositary receipts. The SPDR MSCI EM 50 ETF expense
ratio is 0.50%.
“Against a backdrop of a reduction in emerging market equity
values in 2011, the asset class now offers a more attractive
entry,” said James Ross, senior managing director and global head
of SPDR Exchange Traded Funds at State Street Global Advisors. “The
launch of the SPDR MSCI EM 50 ETF enhances our emerging market SPDR
ETF offering and provides investors with very precise access to a
well-established index.”
The SPDR MSCI ACWI IMI ETF seeks to track the performance of the
MSCI All Country World Investable Market Index. The Index is a free
float- adjusted market capitalization-weighted index that captures
up to 98 percent of the developed and emerging investable market
universe. As of December 31, 2011, the Index was comprised of 8,920
publicly traded securities across 45 countries. The SPDR MSCI ACWI
IMI ETF expense ratio is 0.25%.
“The SPDR MSCI ACWI IMI ETF provides investors with an
opportunity to capture the global equity investment opportunity set
in a single trade,” said Ross. “As awareness of the benefits of
reducing home country bias in a portfolio grows, global equity is
increasingly viewed as a single, core asset class.”
State Street manages more than $274** 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, 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.
Returns on investments in foreign securities could be more
volatile than, or trail the returns on, investments in U.S.
securities. Investment in emerging markets subjects the Fund to a
greater risk of loss than investments in a developed market.
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.
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