State Street Global Advisors (SSgA), the asset management arm of
State Street Corporation (NYSE:STT) today announced the launch of a
suite of advanced beta SPDR ETFs that seek to combine the
performance of quality, value and low volatility strategies to
provide investors the potential diversification benefits of a
multi-factor approach in an objective, transparent and consistent
manner.
The nine new ETFs, which are all trading on the NYSE Arca as of
June 12, 2014, include:
- SPDR MSCI World Quality Mix ETF
(Symbol: QWLD)
- SPDR MSCI EAFE Quality Mix ETF
(QEFA)
- SPDR MSCI Emerging Markets Quality Mix
ETF (QEMM)
- SPDR MSCI Australia Quality Mix ETF
(QAUS)
- SPDR MSCI Canada Quality Mix ETF
(QCAN)
- SPDR MSCI Germany Quality Mix ETF
(QDEU)
- SPDR MSCI Japan Quality Mix ETF
(QJPN)
- SPDR MSCI Spain Quality Mix ETF
(QESP)
- SPDR MSCI United Kingdom Quality Mix
ETF (QGBR)
“Advanced beta strategies are a valuable tool in today’s market
as they blend both passive and active investment styles,” said
James Ross, executive vice president and global head of SPDR
Exchange Traded Funds at State Street Global Advisors. “Our new
SPDR MSCI Quality Mix ETFs use multi-factor strategies constructed
by combining three MSCI Factor Indices with different risk-return
profiles and correlations. The concept of multi-factor holds appeal
with a majority of investors as an opportunity to manage risk
through combined factor tilts and potentially enhance the
resilience of their portfolio through strategic exposure.”
Advanced beta, also known as alternative or smart beta, refers
to a set of approaches that deviate from the traditional
cap-weighted model and instead weight indices or securities based
on alternative rules-based methodologies. According to a recent
SSgA study titled, Beyond Active and Passive, Advanced Beta Comes
of Age1, 65 percent of institutional investors from North America
and Europe are planning to adopt multi-factor advanced beta
strategies, and nearly 70 percent agree that combining several
targeted market exposures as part of an advanced beta offering
makes for a more refined product.
“The ability to combine factors opens up new opportunities for
investors and is growing in popularity for its diversification
benefits,” said Diana Tidd, managing director and head of the MSCI
Index Business in the Americas. “The MSCI Quality Mix Indexes are
another example of our ability to deliver innovative index tools
that meet the increasingly sophisticated needs of clients. We look
forward to continuing to work with State Street as they expand
their SPDR MSCI Quality Mix-based ETF offering."
Designed to represent the performance of quality, value and low
volatility factor strategies across global markets in a single
composite index, the MSCI Quality Mix Indexes are an equal weighted
combination of the MSCI Value Weighted, MSCI Minimum Volatility and
MSCI Quality Indexes.
All nine SPDR MSCI Quality Mix ETFs feature an expense ratio of
0.30 percent.
For more information on these innovative advanced beta SPDR ETFs
and the MSCI Quality Mix Index methodology, visit spdrs.com.
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 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) and has remained on
the forefront of responsible innovation, as evidenced by 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.
1State Street Global Advisors commissioned Longitude Research to
conduct a survey of 300 institutional investors including public
and private pension funds, endowments, foundations, insurance
companies and private banks. Respondents were from North America
and Europe and represent institutions with more than $1 billion in
assets. In addition to the survey, a series of in-depth interviews
with senior professionals in the institutional investor community
also occurred.
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.
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.
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. This may cause
the Fund to experience tracking errors relative to performance of
the index.
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.
Derivative investments may involve risks such as potential
illiquidity of the markets and additional risk of loss of
principal.
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 MSCI EAFE Quality Mix Index, MSCI Emerging Markets Quality
Mix Index, and the MSCI World Quality Mix Index are trademarks of
Morgan Stanley Capital International. The financial products
described herein are indexed to an MSCI index. The financial
products referred to herein are not sponsored, endorsed, or
promoted by MSCI, and MSCI bears no liability with respect to any
such financial products or any index which such financial products
are based.
CORP-1041
State Street CorporationElizabeth Bartlett, +1
617-662-2903www.statestreet.com@StateStreetorRiver
CommunicationsTroy Mayclim, +1 914-686-5599
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