State Street Global Advisors (SSGA), the asset management
business of State Street Corporation (NYSE: STT), today announced
the launch of three SPDR ETFs tracking Kensho New Economies
indices. Designed to complement State Street Global Advisors’
existing sector and industry SPDR ETF suite, the new ETFs may help
investors by providing both tactical and long-term innovative
investment ideas with a transparent, rules-based approach.
The three ETFs, which track proprietary index methodologies
developed by Kensho Technologies, a provider of next-generation
analytics, machine learning, and data visualization systems,
include:
· SPDR Kensho Intelligent Structures ETF (XKII)
· SPDR Kensho Smart Mobility ETF (XKST)
· SPDR Kensho Future Security ETF (XKFS)
“We are continuously looking for opportunities to provide
investors with the tools necessary for tapping into key market
trends and new economic developments,” said Nick Good, co-head of
the Global SPDR business at State Street Global Advisors. "With the
launch of XKII, XKST and XKFS, investors can make targeted
allocations providing exposure to the firms behind the emerging
trends that are reshaping our economy, and very way of life."
The SPDR Kensho Intelligent Structures ETF seeks to track the
Kensho Intelligent Infrastructure Index. This index aims to capture
companies providing advanced products and services in the areas of
smart building infrastructure, smart power grids, intelligent
transportation infrastructure, and intelligent water
infrastructure.
The SPDR Kensho Smart Mobility ETF seeks to track the Kensho
Smart Transportation Index. This index aims to capture companies
providing advanced products and services in the areas of autonomous
vehicles, drones and drone technology for civilian / commercial
application, and advanced transport systems.
The SPDR Kensho Future Security ETF seeks to track the Kensho
Future Security Index. This index aims to capture companies
providing advanced products and services in the areas of cyber
security, advanced border security, and the following areas for
military application: robotics, drones and drone technologies,
space technology, wearable technologies and virtual or augmented
reality activities.
John van Moyland, co-head of Financial Products at Kensho,
added, “We are delighted to be partnering with State Street as they
launch ETFs tracking our pioneering New Economy indices. Not only
is State Street one of the dominant providers of ETFs in the world
today and a name synonymous with sector investing, they are also an
organization committed to innovation and bringing differentiated
products to market, making them a great strategic fit for
Kensho.”
Having launched the first sector ETFs more than 19 years ago,
State Street Global Advisors is a leading provider of both sector
and industry ETFs. SSGA’s suite of US-listed sector and industry
SPDR ETFs now includes 36 funds with more than $160 billion in
assets as of December 21, 2017.
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 financial professionals and those who rely on
them achieve their investment objectives. We partner with
institutions and financial professionals to help them reach their
goals through a rigorous, research-driven process spanning both
active and index disciplines. We take pride in working closely with
our clients to develop precise investment strategies, including our
pioneering family of SPDR ETFs. With trillions* in assets under
management, our scale and global footprint provide unrivaled access
to markets and asset classes, and allow us to deliver expert
insights and investment solutions.
State Street Global Advisors is the investment management arm of
State Street Corporation.
*Assets under management were $2.67 trillion as of September
30, 2017. AUM reflects approx. $36 billion (as of September 30,
2017) with respect to which State Street Global Advisors Funds
Distributors, LLC (SSGA FD) serves as marketing agent; SSGA FD and
State Street Global Advisors are affiliated. Please note that AUM
totals are unaudited.
About Kensho Technologies
Kensho is an award-winning machine intelligence company founded
out of Harvard University in 2013. Kensho's early team members came
from veteran roles at Google, as well as from academia. Kensho
applies AI for real-world impact across government and commercial
institutions around the world.
For more information, visit www.kensho.com
Important Risk Information:
Concentrated investments in a particular sector or
industry (technology sector and industrials sector) 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.
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.
Foreign securities may be subject to higher volatility
than U.S. securities, due to varying degrees of regulation and
limited liquidity. These risks are magnified in emerging
markets.
Multi-cap investments include exposure to all market
caps, including small and medium capitalization (“cap”) stocks that
generally have a higher risk of business failure, lesser liquidity
and greater volatility in market price. As a consequence, small and
medium cap stocks have a greater possibility of price decline or
loss as compared to large cap stocks. This may cause the Fund not
to meet its investment objective.
Technology companies, including cyber security companies,
can be significantly affected by obsolescence of existing
technology, limited product lines, competition for financial
resources, qualified personnel, new market entrants or impairment
of patent and intellectual property rights that can adversely
affect profit margins.
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.
Index-based 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.
KENSHO© is a registered service mark of Kensho Technologies Inc.
(“Kensho”), and all Kensho financial indices in the Kensho New
Economies© family and such indices’ corresponding service marks
have been licensed by the Licensee in connection with the SPDR
Kensho Intelligent Structures ETF, SPDR Kensho Smart Mobility ETF
and SPDR Kensho Future Security ETF (collectively, the “SPDR
ETFs”). The SPDR ETFs are not marketed, sold, or sponsored by
Kensho, Kensho’s affiliates, or Kensho’s third party licensors.
Kensho is not an investment adviser or broker-dealer and Kensho
makes no representation regarding the advisability of investing in
any investment fund, other investment vehicle, security or other
financial product regardless of whether or not it is based on,
derived from, or included as a constituent of any Kensho New
Economies© family index. Kensho bears no responsibility or
liability for any business decision, input, recommendation, or
action taken based on Kensho indices or any products based on,
derived from, or included as a constituent of any such index.
All referenced names and trademarks are the property of their
respective owners.
Standard & Poor’s, S&P and SPDR are registered
trademarks of Standard & Poor’s Financial Services LLC, a
division of S&P Global (“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 Advisors Funds
Distributors, LLC, member FINRA, SIPC, an indirect 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 which contains
this and other information, call 1-866-787-2257 or visit
www.spdrs.com. Read it carefully.
Not FDIC Insured • No Bank Guarantee • May Lose Value
CORP-3534
View source
version on businesswire.com: http://www.businesswire.com/news/home/20180103005728/en/
State Street CorporationBrendan Paul, +1
617-662-2903BPaul2@StateStreet.comorKensho Media Contact:Bhavesh
Dayalji, +1 919-923-7090bhavesh@kensho.com
State Street (NYSE:STT)
Historical Stock Chart
From Jun 2024 to Jul 2024
State Street (NYSE:STT)
Historical Stock Chart
From Jul 2023 to Jul 2024