State Street Global Advisors (SSgA)*, the asset management
business of State Street Corporation (NYSE: STT), today announced
that the SPDR® SSgA Multi-Asset Real Return ETF (Symbol: RLY), the
SPDR SSgA Income Allocation ETF (Symbol: INKM), and the SPDR SSgA
Global Allocation ETF (Symbol: GAL) began trading on the NYSE Arca
on April 26, 2012. The new funds, which are actively managed by
SSgA’s Investment Solutions Group (ISG), provide investors and
advisors with access to the firm’s institutional asset management
expertise.
“The launch of these three new actively managed SPDR ETFs opens
a new chapter in our longstanding commitment to democratizing
access to institutional asset classes, strategies, and expertise,”
said James Ross, senior managing director and global head of SPDR
Exchange Traded Funds at State Street Global Advisors. “In
providing a convenient, cost effective vehicle for investors and
financial advisors to benefit from SSgA’s experience in global
tactical asset allocation, our actively managed ETFs are an
innovative addition to the SPDR ETF family.”
Designed to capture inefficiencies that occur due to temporary
mis-pricings in the market, SSgA’s first actively managed SPDR ETFs
feature tactical asset allocation strategies that are built on a
disciplined risk-managed quantitative process that is supplemented
with fundamental analysis. The new funds, which are powered by
multiple exchange traded products, include:
SPDR SSgA Multi-Asset Real Return ETF: seeks to achieve a
real return consisting of capital appreciation and current income
by utilizing a fund-of-funds structure to invest in multiple
exchange traded products representing asset classes, such as
inflation protected securities, real estate, commodities, and
natural resources. Its annual expense ratio is 0.70%.
SPDR SSgA Income Allocation ETF: seeks to provide
exposure to income and yield-generating investments using a
fund-of-funds structure that invests in multiple exchanged traded
products representing asset classes, such as domestic and
international equities, investment grade and high yield debt
securities, hybrid equity/debt securities (preferred stock and
convertible securities), and real estate. Its annual expense ratio
is 0.70%.
SPDR SSgA Global Allocation ETF: seeks to provide income,
capital preservation, and low volatility using a fund-of-funds
structure that invests in multiple exchange traded products and a
SSgA money market fund representing asset classes, such as domestic
and international equities, real estate, debt securities, and cash.
Its annual expense ratio is 0.35%.
SSgA’s Investment Solutions Group, a dedicated team of
investment professionals that manages more than $160 billion in
assets across a wide range of tactical and strategic asset
allocation portfolios, will manage the new SPDR active asset
allocation ETFs. When implementing tactical asset allocation
portfolios, the ISG relies on a dynamic approach to identifying
risk environments and multi-factor quantitative models, with a
layer of qualitative analysis by applying market insight and
experience to the models.
“Our actively managed ETFs take advantage of a wide range of
underlying asset classes to provide broadly diversified, global
portfolios with a time tested, tactical allocation process that
adds value by capturing new market opportunities,” said Dan Farley,
senior managing director and chief investment officer for SSgA’s
ISG. “In today’s low yield, volatile market, we look forward to
helping financial advisors and investors benefit from emerging
investment opportunities with this new suite of actively managed
SPDR ETFs.”
State Street manages more than $307** billion in SPDR ETF assets
worldwide (as of March 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.
$69 billion as of March 31, 2012), 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.
Actively managed ETFs do not seek to replicate the performance
of a specified index.
“SPDR" is a registered trademark of Standard & Poor
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. Certain State Street affiliates provide services
and receive fees from the SPDR ETFs.
Before investing, consider the fund’s 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.
CORP-0489
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