State Street Global Advisors Announces Changes to U.S. SPDR ETF Lineup
March 09 2015 - 5:25PM
Business Wire
State Street Global Advisors (SSGA), the asset management
business of State Street Corporation (NYSE:STT), today announced
plans to close and liquidate the following three exchange traded
funds based on an ongoing review of the SPDR ETF offering and
limited market demand:
- SPDR S&P Mortgage Finance ETF
(KME);
- SPDR S&P Small Cap Emerging Asia
Pacific ETF (GMFS); and
- SPDR Nuveen S&P VRDO Municipal Bond
ETF (VRD).
The final day for creations in the liquidating ETFs will be
March 18, 2015. Trading of these three funds will be suspended on
the NYSE Arca as of the open on March 19 and proceeds of the
liquidation are scheduled to be sent to shareholders on or about
March 31. For additional information on the liquidation,
shareholders of the funds can visit www.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
For nearly four decades, State Street Global Advisors has been
committed to helping our clients, and the millions who rely on
them, achieve financial security. We partner with many of the
world’s largest, most sophisticated investors and financial
intermediaries to help them reach their goals through a rigorous,
research-driven investment process spanning both indexing and
active disciplines. With trillions* in assets, our scale and global
reach offer clients unrivaled access to markets, geographies and
asset classes, and allow us to deliver thoughtful insights and
innovative solutions.
State Street Global Advisors is the investment management arm of
State Street Corporation.
*Assets under management were $2.45 trillion as of December 31,
2014. This AUM total includes the assets of the SPDR Gold Trust
(approx. $27.3 billion as of December 31, 2014), for which State
Street Global Markets, LLC, an affiliate of State Street Global
Advisors, serves as the marketing agent. Please note that AUM
totals are unaudited.
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.
"SPDR" is a product of S&P Dow Jones Indices LLC ("SPDJI"),
and has been licensed for use by State Street Corporation. Standard
& Poor's? and S&P? are registered trademarks of Standard
& Poor's Financial Services LLC ("S&P"); Dow Jones? is a
registered trademark of Dow Jones Trademark Holdings LLC ("Dow
Jones"); SPDR is a trademark of the SPDJI; and these trademarks
have been licensed for use by SPDJI and sublicensed for certain
purposes by State Street Corporation. State Street Corporation's
financial products are not sponsored, endorsed, sold or promoted by
SPDJI, Dow Jones, S&P, their respective affiliates and none of
such parties make any representation regarding the advisability of
investing in such product(s) nor do they have any liability for any
errors, omissions, or interruptions of SPDR.
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, download a prospectus or summary
prospectus now, or talk to your financial advisor. Read it
carefully before investing.
Not FDIC Insured * No Bank Guarantee * May Lose Value
CORP-1326
State Street CorporationBrendan Paul,
617-662-2903www.statestreet.com@StateStreetorRiver
CommunicationsTroy Mayclim, 914-686-5599
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