State Street Global Advisors (SSGA), the asset management
business of State Street Corporation, (NYSE:STT) today announced
that the SPDR® S&P® Technology Hardware ETF (Ticker: XTH) and
the SPDR® S&P® Internet ETF (Ticker: XWEB) began trading on the
NYSE Arca. XTH and XWEB, designed to provide investors with
targeted exposure to technology hardware sub-industries in the
technology sector, and internet sub-industries in the consumer
discretionary and technology sectors, respectively, join SSGA’s
leading suite of modified equal weighted S&P Industry ETFs,
which now includes 20 funds with more than $13 billion in
assets.1
“The US technology-related landscape includes a wide range of
companies; from younger firms focused on cutting edge products to
the largest, most well-known brands,” said Nick Good, co-head of
the Global SPDR business at State Street Global Advisors.
“Investors have asked us for solutions to help refine their
investment options by gaining access to technology-related
sub-industries that are found in XTH and XWEB. In addition, with a
modified equal weighted approach, investors may reduce the risk of
being limited to a portfolio driven by one or two large names,
relative to a market cap weighted approach.”
The SPDR S&P Technology Hardware ETF seeks to track the
performance of the S&P Technology Hardware Select Industry
Index, which represents the hardware segment of the S&P Total
Market Index and comprises companies in the technology hardware,
storage & peripherals sub-industry, electronic equipment and
instruments sub-industry, and electronic components
sub-industry.
The SPDR S&P Internet ETF seeks to track the performance of
the S&P Internet Select Industry Index, which represents the
internet segment of the S&P Total Market Index and comprises
companies in the internet retail sub-industry and internet software
and services sub-industry.
The gross expense ratio for both the SPDR S&P Technology
Hardware ETF and the SPDR S&P Internet ETF is 0.35
percent.2
Having launched the first sector ETFs more than 18 years ago,
SSGA remains a leading provider of both sector and industry ETFs.
SSGA’s suite of US-listed sector and industry SPDR ETFs now
includes 31 funds with more than $100 billion in assets.3
1. As of May 31, 2016, Bloomberg
2. The gross expense ratio is the fund’s total annual operating
expenses ratio. It is gross of any fee waivers or expense
reimbursements. It can be found in the fund’s most recent
prospectus.
3. As of May 31, 2016 Bloomberg
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) 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 those 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
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 trillion as of March 31,
2016. AUM reflects approx. $32.6B (as of 3/31/2016) with respect to
which State Street Global Markets, LLC (SSGM) serves as marketing
agent; SSGM and State Street Global Advisors are
affiliated.
IMPORTANT RISK INFORMATION:
The information provided does not constitute investment advice
and it should not be relied on as such. It should not be considered
a solicitation to buy or an offer to sell a security. It does not
take into account any investor's particular investment objectives,
strategies, tax status or investment horizon. You should consult
your tax and financial advisor. All material has been obtained from
sources believed to be reliable. There is no representation or
warranty as to the accuracy of the information and State Street
shall have no liability for decisions based on such
information.
Investing involves risk including the risk of loss of
principal
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.
Equity securities may fluctuate in value 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 issuers tend to be more volatile than diversified funds
and the market as a whole.
Passively managed funds hold 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.
Concentrated investments in a particular sector or
industry tend to be more volatile than the overall market and
increases risk that events negatively affecting such sectors or
industries could reduce returns, potentially causing the value of
the Fund’s shares to decrease.
Standard & Poor’s, S&P and SPDR 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); and these trademarks have been
licensed for use by S&P Dow Jones Indices LLC (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 third party licensors and none of such
parties make any representation regarding the advisability of
investing in such product(s) nor do they have any liability in
relation thereto, including for any errors, omissions, or
interruptions of any index.
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.
State Street Corporation, One Lincoln Street, Boston, MA
02111-2900
© 2016 State Street Corporation - All Rights Reserved
CORP-2042
Expiration Date - 06/30/2017
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State Street CorporationAndrew Hopkins, +1
617-664-2422Ahopkins2@StateStreet.com
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