State Street Global Advisors, the asset management business of
State Street Corporation (NYSE: STT), today announced the launch of
three new index funds: SPDR S&P SmallCap 600 ESG ETF (ESIX),
SPDR Bloomberg SASB Developed Markets Ex US ESG Select ETF (RDMX)
and SPDR Bloomberg SASB Emerging Markets ESG Select ETF (REMG).
Developed to provide exposure to small-cap, international and
emerging market equities, respectively, that exhibit certain
environmental, social and governance ("ESG") characteristics, these
newest SPDR ETFs are designed to help investors reinforce core
allocations and incorporate ESG considerations into their
portfolios.
“As ESG awareness and education improves, investors are
increasingly seeking to integrate best-in-class solutions across
their entire portfolio,” said Brie Williams, Head of Practice
Management at State Street Global Advisors. “With the launch of
ESIX, RDMX, and REMG, investors can bring the potential benefits of
ESG investing to the building blocks of a well-diversified equity
portfolio.”
The SPDR S&P SmallCap 600 ESG ETF seeks to track an index
that is designed to provide exposure to securities that meet
certain sustainability criteria (criteria related to ESG factors)
while maintaining similar overall industry group weights as the
S&P SmallCap 600 Index.
The SPDR Bloomberg SASB Developed Markets Ex US ESG Select ETF
seeks to track an index that is designed to provide exposure to
large and mid-capitalization companies in developed markets,
excluding companies in the US, that exhibit certain ESG
characteristics; and the SPDR Bloomberg SASB Emerging Markets ESG
Select ETF seeks to track an index that is designed to provide
exposure to large and mid-capitalization companies in emerging
markets that exhibit certain ESG characteristics.
With the addition of these three funds, SPDR’s suite of
US-listed ESG ETFs now includes 11 SPDR ETFs with over $3.1 billion
in assets.1 Last year, State Street Global Advisors’ ESG ETFs
attracted $985 million2 of inflows as investors increasingly turn
to ESG funds as benchmark replacements and model building
blocks.
A recognized leader in asset stewardship and corporate
governance, State Street Global Advisors is committed to helping
the world’s governments, institutions and financial advisors reach
their ESG investing goals. State Street Global Advisors began
managing its first ESG portfolio more than 35 years ago and today
manages $524 billion in ESG index assets under management.3 As
stewards of clients’ capital, State Street Global Advisors helps
investors see that what is fair for people and sustainable for the
planet can deliver long-term performance.
For more information on the SPDR ETF suite, visit
www.ssga.com/etfs.
About SPDR Exchange Traded Funds
SPDR ETFs are a comprehensive family spanning an array of
international and domestic asset classes. SPDR ETFs are sponsored
by affiliates of State Street Global Advisors. The funds provide
investors with the flexibility to select investments that are
aligned to their investment strategy. For more information, visit
www.ssga.com/etfs
About State Street Global Advisors
For four decades, State Street Global Advisors has served the
world’s governments, institutions and financial advisors. With a
rigorous, risk-aware approach built on research, analysis and
market-tested experience, we build from a breadth of active and
index strategies to create cost-effective solutions. As stewards,
we help portfolio companies see that what is fair for people and
sustainable for the planet can deliver long-term performance. And,
as pioneers in index, ETF, and ESG investing, we are always
inventing new ways to invest. As a result, we have become the
world’s fourth-largest asset manager* with US $3.90 trillion† under
our care.
*Pensions & Investments Research Center, as of 12/31/20.
†This figure is presented as of September 30, 2021 and includes
approximately $60 billion of assets with respect to SPDR products
for which State Street Global Advisors Funds Distributors, LLC
(SSGA FD) acts solely as the marketing agent. SSGA FD and State
Street Global Advisors are affiliated.
1 Bloomberg Finance L.P. data as of December 31, 2021. 2
Bloomberg Finance L.P. data as of December 31, 2021. 3 Estimated
and unaudited ESG AUM as of September 30th, 2021 for client
mandates in the following categories: Negative/exclusionary
screening, Norms-based screening, Best-in-class investment
selection, and Sustainability-themed investing, as defined by
United Nations Principles for Responsible Investing (UNPRI) as: •
Negative/exclusionary screening: The exclusion from a fund or
portfolio of certain sectors, companies or practices based on
specific ESG criteria. • Norms-based Screening: Screening of
investments against minimum standards of business practice based on
international norms • Positive/best-in-class screening: investment
in sectors, companies or projects selected for positive ESG
performance relative to industry peers • Sustainability themed
investing: Investment in themes or assets specifically related to
sustainability (for example clean energy, green technology or
sustainable agriculture); ESG Index Investing (ssga.com).
Important Risk Disclosures
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 information is from SSGA unless otherwise noted and has been
obtained from sources believed to be reliable, but its accuracy is
not guaranteed. There is no representation or warranty as to the
current accuracy, reliability or completeness of, nor liability
for, decisions based on such information and it should not be
relied on as such.
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.
Investing involves risk including the risk of loss of
principal.
Equity securities may fluctuate in value in response to the
activities of individual companies and general market and economic
conditions.
Investing in foreign domiciled securities may involve risk of
capital loss from unfavorable fluctuation in currency values,
withholding taxes, from differences in generally accepted
accounting principles or from economic or political instability in
other nations.
Investments in emerging or developing markets may be more
volatile and less liquid than investing in developed markets and
may involve exposure to economic structures that are generally less
diverse and mature and to political systems which have less
stability than those of more developed countries.
Investments in mid-sized companies may involve greater risks
than in those of larger, better known companies, but may be less
volatile than investments in smaller companies.
Companies with large market capitalizations go in and out of
favor based on market and economic conditions. Larger companies
tend to be less volatile than companies with smaller market
capitalizations. In exchange for this potentially lower risk, the
value of the security may not rise as much as companies with
smaller market capitalizations.
Investments in small-sized companies may involve greater risks
than in those of larger, better known companies. Returns on
investments in stocks of small companies could trail the returns on
investments in stocks of larger companies.
ESG Investing Risk: The Index's incorporation of ESG
considerations in its methodology may cause the Fund to make
different investments than funds that do not incorporate such
considerations in their strategy or investment processes. Under
certain economic conditions, this could cause the Fund's investment
performance to be worse than funds that do not incorporate such
considerations. The Index's incorporation of ESG considerations may
affect the Fund's exposure to certain sectors and/or types of
investments, and may adversely impact the Fund's performance
depending on whether such sectors or investments are in or out of
favor in the market.
ESG considerations may cause a fund to make different investment
decisions than funds that do not incorporate such considerations in
their strategy or investment processes. This could cause the Fund's
investment performance to be worse than funds that do not
incorporate such considerations.
The returns on a portfolio of securities which exclude companies
that do not meet the portfolio's specified ESG criteria may trail
the returns on a portfolio of securities which include such
companies. A portfolio's ESG criteria may result in the portfolio
investing in industry sectors or securities which underperform the
market as a whole.
Responsible-Factor (R Factor) scoring is designed by State
Street to reflect certain ESG characteristics and does not
represent investment performance. Results generated out of the
scoring model is based on sustainability and corporate governance
dimensions of a scored entity.
Diversification does not ensure a profit or guarantee against
loss. 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.
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.
While the shares of ETFs are tradable on secondary markets, they
may not readily trade in all market conditions and may trade at
significant discounts in periods of market stress.
The whole or any part of this work may not be reproduced, copied
or transmitted or any of its contents disclosed to third parties
without SSGA’s express written consent.
The trademarks and service marks referenced herein are the
property of their respective owners. Third party data providers
make no warranties or representations of any kind relating to the
accuracy, completeness or timeliness of the data and have no
liability for damages of any kind relating to the use of such
data.
Intellectual Property Information: 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.
“Bloomberg®”, Bloomberg Developed Markets ex US Large & Mid
Cap Index and Bloomberg Emerging Markets Large & Mid Cap Index
are service marks of Bloomberg Finance L.P. and its affiliates,
including Bloomberg Index Services Limited (“BISL”), the
administrator of the index (collectively, “Bloomberg”) and have
been licensed for use for certain purposes by State Street Global
Advisors. Bloomberg is not affiliated with State Street Global
Advisors, and Bloomberg does not approve, endorse, review, or
recommend the SPDR Bloomberg SASB Developed Markets Ex US ESG
Select ETF (RDMX) or the SPDR Bloomberg SASB Emerging Markets ESG
Select ETF (REMG). Bloomberg does not guarantee the timeliness,
accurateness, or completeness of any data or information relating
to RDMX or REMG.
SASB does not take any position as to whether an issuer should
be included or excluded from the Bloomberg SASB Developed Markets
ex US Large & Mid Cap ESG Ex-Controversies Select Index or
Bloomberg SASB Emerging Markets Large & Mid Cap ESG
Ex-Controversies Select 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 fund’s 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.ssga.com. Read it carefully.
Not FDIC Insured * No Bank Guarantee * May Lose Value
State Street Global Advisors, 1 Iron Street, Boston, MA
02210-1641
© 2022 State Street Corporation.
All Rights Reserved.
3952414.1.1.AM.RTL Exp. Date: 01/31/2023
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Deborah Heindel +1 617 662 9927 DHEINDEL@StateStreet.com
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