State Street Global Advisors Announces Changes to US SPDR® ETF Lineup
August 02 2016 - 5:37PM
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 12 exchange traded funds
based on an ongoing review of the SPDR ETF offering and limited
market demand:
- SPDR MSCI EM Beyond BRIC ETF
(EMBB)†
- SPDR BofA Merrill Lynch EM Corp. Bond
ETF (EMCD)†
- SPDR Barclays International High Yield
Bond ETF (IJNK)†
- SPDR MSCI EM 50 ETF (EMFT)
- SPDR Russell/Nomura PRIME Japan ETF
(JPP)
- SPDR Russell/Nomura Small Cap Japan ETF
(JSC)
- SPDR S&P International Mid Cap ETF
(MDD)
- SPDR S&P BRIC 40 ETF (BIK)
- SPDR SSGA Risk Aware ETF (RORO)
- SPDR Nuveen Barclays Build America Bond
ETF (BABS)
- SPDR Nuveen Barclays California Muni
Bond ETF (CXA)
- SPDR Nuveen Barclays New York Muni Bond
ETF (INY)
The final day for creations will be August 24, 2016 with the
exception of three funds identified with the symbol †, for which
the final day for creations will be August 23, 2016. Trading of all
twelve funds will be suspended on the NYSE Arca at the open of
market on August 25, 2016, and proceeds of the liquidation are
scheduled to be sent to shareholders on or about August 31, 2016.
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 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 $2.3 trillion as of June 30,
2016. AUM reflects approx. $40 billion (as of 6/30/2016) 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:
Investing involves risk including the risk of loss of
principal.
Information represented in this piece does not constitute legal,
tax, or investment advice. Investors should consult their legal,
tax, and financial advisors before making any financial
decisions.
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.
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.
© 2016 State Street Corporation - All Rights Reserved
State Street Corporation, One Lincoln Street, Boston, MA
02111-2900
CORP-2122
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version on businesswire.com: http://www.businesswire.com/news/home/20160802007018/en/
State Street CorporationAndrew Hopkins, +1
617-664-2422Ahopkins2@StateStreet.com
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