State Street Global Advisors (SSgA)*, the asset management arm
of State Street Corporation (NYSE:STT), today announced the
availability of the SPDR S&P Global Dividend ETF (Symbol:WDIV)
and the SPDR Barclays 1-10 Year TIPS ETF (Symbol:TIPX). The SPDR
S&P Global Dividend ETF is designed to provide investors with
precise exposure to both developed and emerging market dividend
paying companies, through a globally diversified income portfolio
strategy. The SPDR Barclays 1-10 Year TIPS ETF is designed to
provide investors with access to U.S. Treasury Inflation-Protected
Securities (TIPS). Both funds began trading on NYSE Arca on May 30,
2013.
“In the sustained low rate environment, clients are grappling
with how to meet their income objectives while staying within their
own risk boundaries. Investors are embracing strongly diversified
income products to provide a level of downside protection in their
portfolios, as evidenced by the growth of the SPDR S&P Dividend
ETF (Symbol:SDY), the SPDR S&P Emerging Markets Dividend ETF
(Symbol:EDIV) and the SPDR S&P International Dividend ETF
(Symbol:DWX),” said James Ross, senior managing director and global
head of SPDR Exchange Traded Funds at SSgA. “The new SPDR S&P
Global Dividend ETF adds to this suite of products and gives
investors access to companies in both developed and emerging
markets that have consistently delivered high yield dividends over
the last ten years.”
The SPDR S&P Global Dividend ETF seeks to track the
performance of the S&P Global Dividend Aristocrats Index, which
measures the performance of the highest dividend yielding companies
within the S&P Global Broad Market Index (BMI) that have
followed a policy of increasing or stable dividends for at least 10
consecutive years. To ensure diversification, the weight for each
index constituent is capped at 3 percent, and the weight of each
country and GICS Sector is capped at 25 percent at each index
rebalancing. The SPDR S&P Global Dividend ETF’s expense ratio
is 0.40 percent.
The SPDR Barclays 1-10 Year TIPS ETF seeks to track the
performance of the Barclays 1-10 Year Government Inflation-linked
Bond Index. The Index includes publicly issued TIPS that have at
least 1 year remaining to maturity and less than 10 years on index
rebalancing date, with an issue size equal to or in excess of $500
million. The SPDR Barclays 1-10 Year TIPS ETF’s expense ratio is
0.15 percent.
For more information about the SPDR S&P Global Dividend ETF
and the SPDR Barclays 1-10 Year TIPS ETF, visit www.spdrs.com.
SSgA manages more than $352 billion** in SPDR ETF assets
worldwide (as of March 31, 2013) 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 Corporation. The funds
provide investors with the flexibility to select investments that
are precisely aligned to their investment strategy. Recognized as
an 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 Corporation.
**This AUM includes the assets of the SPDR Gold Trust (approx.
$62.7 billion as of March 31, 2013), 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.
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.
Foreign investments involve greater risks than U.S. investments,
including political and economic risks and the risk of currency
fluctuations, all of which may be magnified in emerging
markets.
Non-diversified funds that focus on a relatively small number of
issuers and countries tend to be more volatile than diversified
funds and the market as a whole.
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.
Increase in real interest rates can cause the price of
inflation-protected debt securities to decrease. Interest payments
on inflation-protected debt securities can be unpredictable.
The SPDR S&P Global Dividend ETF 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.
"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
1-866-787-2257 or visit www.spdrs.com. Read it
carefully.
CORP-0750
State Street (NYSE:STT)
Historical Stock Chart
From Oct 2024 to Nov 2024
State Street (NYSE:STT)
Historical Stock Chart
From Nov 2023 to Nov 2024
