SPDR(SM) DJ Wilshire International Real Estate ETF Assets Reach $500 Million in Three Months
March 19 2007 - 10:00AM
Business Wire
State Street Global Advisors (SSgA)*, the investment management arm
of State Street Corporation (NYSE: STT), today announced that
assets in the SPDR SM DJ Wilshire International Real Estate ETF
(AMEX: RWX) have reached $500 million. It is the first ETF to
provide investors with access to global real estate securities
publicly-traded outside the US. �A number of catalysts appear to be
driving investor demand for international real estate exposure,
including a very low correlation to the broader US and
international equity markets,� said James Ross, senior managing
director of SSgA. �The significant inflows into the SPDR DJ
Wilshire International Real Estate RWX ETF indicate that investors
have quickly embraced this offering as a vehicle to gain more
precise exposure to the global markets.� Launched on December 19,
2006, the SPDR SM DJ Wilshire International Real Estate ETF has
emerged as the fastest growing ETF listed in the US during the past
six months. As of March 7, assets under management in the fund
totaled approximately $500 million.** �As investors increasingly
look toward real estate securities globally to diversify their
equity portfolios, they require more sophisticated risk measurement
tools to benchmark their returns,� said Michael A. Petronella,
president of Dow Jones Indexes/Ventures. �The Dow Jones Wilshire
Global Real Estate Indexes were launched in 2006 to meet this
demand, particularly as more institutional and individual investors
seek exposure to REITs and real estate operating companies outside
the US.� About State Street Global Advisors State Street Global
Advisors, the investment management arm of State Street
Corporation, delivers investment strategies and integrated
solutions to clients worldwide across every asset class, investment
approach and style. With US$1.7 trillion in assets under management
as of December 31, 2006, State Street Global Advisors has
investment centers in Boston, Hong Kong, London, Milan, Montreal,
Munich, Paris, Singapore, Sydney, Tokyo and Zurich, and offices in
25 cities worldwide. *The Funds are advised by SSgA Funds
Management Inc., a registered investment adviser and a wholly owned
subsidiary of SSgA. ** Source: SSgA Strategy & Research as of
March 7, 2007 ETFs trade like a stock and are subject to market
risk. Foreign investments involve greater risks than US
investments, including political and economic risks and the risk of
currency fluctuations. Funds investing in a single sector may be
subject to more volatility than funds investing in a diverse group
of sectors. Dow Jones Wilshire exUS RESISM is an index designed to
provide measures of non-US real estate securities that serve as
proxies for direct real estate investing. Dow Jones & Company,
Inc. is the owner of the trademarks and copyrights relating to the
Dow Jones Indexes. The Dow Jones Wilshire IndexesSM are calculated
and distributed by Dow Jones Indexes pursuant to an agreement
between Dow Jones & Company, Inc. and Wilshire Associates
Incorporated. Dow Jones and Wilshire are the respective service
marks of Dow Jones and Wilshire Associates and have been licensed
for use by State Street Bank and Trust Company. streetTRACKS�
products, based on the Dow Jones Wilshire Indexes, are not
sponsored, endorsed, sold, or promoted by Dow Jones or Wilshire and
neither make any representation regarding the advisability of
investing in them. Inclusion of a company in the Dow Jones Wilshire
Indexes does not in any way reflect an opinion of Dow Jones or
Wilshire on the investment merits of the company. The �SPDRs SM�
trademark is used under license from The McGraw-Hill Companies,
Inc. (McGraw-Hill). No financial product offered by State Street
Corporation or its affiliates is sponsored, endorsed, sold or
promoted by McGraw-Hill. Distributor: State Street Global Markets,
LLC, member NASD, SIPC. Before investing, carefully consider the
funds� investment objectives, risks, charges and expenses. A
prospectus, which contains this and other important information
about the fund can be obtained by calling 866.787.2257. Read it
carefully before investing.
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