State Street Global Advisors (SSgA)*, the asset management arm
of State Street Corporation (NYSE: STT), today announced the
availability of the SPDR Russell 2000® Low Volatility ETF (Symbol:
SMLV) and the SPDR Russell 1000® Low Volatility ETF (Symbol: LGLV).
Designed to provide investors with exposure to small and large cap
equities while managing risk, both funds began trading on the NYSE
Arca on February 21, 2013.
“Our new low volatility SPDR ETFs were developed in response to
increasing demand from investors looking to improve the risk
adjusted returns of their portfolio, increase their equity
allocation while maintaining downside protection, or tactically
take a more defensive approach to the US large cap or small cap
markets,” said James Ross, senior managing director and global head
of SPDR Exchange Traded Funds at SSgA. “By helping investors and
advisors better manage risk in their portfolios, the SPDR Russell
2000 Low Volatility ETF and SPDR Russell 1000 Low Volatility ETF
are key additions to our growing family of SPDR ETFs.”
The SPDR Russell 2000® Low Volatility ETF seeks to track the
performance of the Russell 2000® Low Volatility Index. The Index is
composed of low volatility stocks from the Russell 2000® Index
based on volatility from the previous 252 trading days. The Index
is then optimized to provide low volatility small cap exposure
while managing turnover and neutralizing other factors, such as
beta and momentum. The Index is reconstituted monthly to maintain
its focus on low volatility securities, and as of January 31, 2013,
included approximately 164 securities. The SPDR Russell 2000® Low
Volatility ETF’s expense ratio is 0.25 percent.
The SPDR Russell 1000® Low Volatility ETF seeks to track the
performance of the Russell 1000® Low Volatility Index. The Index is
composed of low volatility stock from the Russell 1000® Index based
on volatility from the previous 252 trading days. The Index is then
optimized to provide low volatility large cap exposure while
managing turnover and neutralizing other factors, such as beta and
momentum. The Index is reconstituted monthly, and as of January 31,
2013, included approximately 95 securities. The SPDR Russell 1000®
Low Volatility ETF’s expense ratio is 0.20 percent.
“The Russell Low Volatility Indexes draw on Russell’s objective,
rules-based, transparent index methodology to help investors
construct a focused portfolio of stocks with lower volatility than
their parent Russell 1000® and Russell 2000® Indexes,” said Rolf
Agather, managing director of index research and innovation for
Russell Investments. “In addition, when used as the basis for
investable products such as ETFs, the Russell Low Volatility
Indexes may help lower the overall volatility of investors’ equity
portfolios.”
State Street manages more than $340 billion** in SPDR ETF assets
worldwide (as of December 31, 2012) 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 industry pioneer, State Street created the
first US listed 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.
$72.2 billion as of December 31, 2012), 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.
Investments in small-sized companies may involve greater risks
than in those of larger, better known companies. Returns on
investments in stocks of small companies could trail the returns on
investments in stocks of larger companies.
Although subject to the risks of common stocks, low volatility
stocks are seen as having a lower risk profile than the overall
markets. However, a portfolio comprised of low volatility stocks
may not produce investment exposure that has lower variability to
changes in such stocks' price levels.
Risk associated with equity investing include stock values which
may fluctuate in response to the activities of individual companies
and general market and economic conditions.
Non-diversified funds that focus on a relatively small number of
securities tend to be more volatile than diversified funds and the
market as a whole.
The Fund invests by sampling the Index, holding a range of
securities that, in the aggregate, approximates the full Index in
terms of key risk factors and other characteristics which may cause
the fund to experience tracking errors relative to performance of
the Index.
Returns on investments in stocks of large U.S. companies could
trail the returns on investments in stocks of smaller and mid-sized
companies.
"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.
Russell Investments and Axioma, Inc. have entered into a
strategic alliance with respect to the Russell-Axioma Factor
Indexes, including the Russell 1000® and Russell 2000® Low
Volatility Indexes. Russell and Axioma are the source and joint
owners of the trademarks, service marks and copyrights related to
the Russell-Axioma Factor Indexes. Russell is a trademark of
Russell Investments. Axioma is the owner of all copyrights related
to Axioma’s optimized solutions. The SPDR products are not
sponsored, endorsed, sold or promoted by Russell Investments or
Axioma, Inc. and they make no representation regarding the
advisability of investing in the SPDR products.
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-0684
State Street (NYSE:STT)
Historical Stock Chart
From Jun 2024 to Jul 2024
State Street (NYSE:STT)
Historical Stock Chart
From Jul 2023 to Jul 2024