State Street Global Advisors, the asset management business of
State Street Corporation (NYSE: STT), today announced the addition
of seven rebranded SPDR ETFs to the SPDR Portfolio suite.
Introduced in 2017 and attracting $34.4 billion in new assets in
just two years,1 the SPDR Portfolio offering now comprises 22
low-cost ETFs that provide access to a wide range of domestic and
international equity and fixed income asset classes.
The seven rebranded funds added to the SPDR Portfolio suite
comprise five fixed income and two international equity ETFs,
representing $4.4 billion in assets.2 All seven have new names and
ticker symbols to align with the SPDR Portfolio ETF suite and three
funds have reduced net expense ratios, as detailed below, and the
other four were reduced earlier:3
Previous Fund Name (Ticker)
New Fund Name (Ticker)
Previous Expense Ratio
New Expense Ratio
SPDR MSCI ACWI ETF (ACIM)
SPDR Portfolio MSCI Global Stock Market
ETF (SPGM)
0.25%
0.09%
SPDR STOXX® Europe 50 ETF (FEU)
SPDR Portfolio Europe ETF (SPEU)
0.29%
0.09%
SPDR Bloomberg Barclays Corporate Bond ETF
(CBND)
SPDR Portfolio Corporate Bond ETF
(SPBO)
0.06%
0.06%
SPDR Bloomberg Barclays Intermediate Term
Treasury ETF (ITE)
SPDR Portfolio Intermediate Term Treasury
ETF (SPTI)
0.06%
0.06%
SPDR Bloomberg Barclays Mortgage Backed
Bond ETF (MBG)
SPDR Portfolio Mortgage Backed Bond ETF
(SPMB)
0.06%
0.06%
SPDR ICE BofAML Broad High Yield Bond ETF
(CJNK)
SPDR Portfolio High Yield Bond ETF
(SPHY)
0.15%
0.15%
SPDR Bloomberg Barclays TIPS ETF (IPE)
SPDR Portfolio TIPS ETF (SPIP)
0.15%
0.12%
“The SPDR Portfolio suite was initially launched to give
investors greater choice in low-cost ETFs. With today’s additions
to the lineup, we’re offering investors more fixed income and
international equity ETF options to help investors refine their
asset allocations,” said Noel Archard, Global Head of SPDR Product
at State Street Global Advisors. “To meet the needs of a client
base that is well-diversified across institutions, intermediaries
and retail investors, we remain committed to offering products with
a broad range of attributes.”
“The fixed income additions nearly double the number of bond
ETFs available through the SPDR Portfolio suite, providing
investors with a broader range of tools for navigating the current
credit cycle, generating income and diversifying portfolios,” said
Matthew Bartolini, Head of SPDR Americas Research at State Street
Global Advisors. “Adding existing funds with established trading
volume to the SPDR Portfolio suite ensures investors don’t have to
sacrifice liquidity for low expense ratios.”
In addition to the changes outlined above, the underlying index
for the SPDR STOXX Europe 50 ETF changed from the STOXX® Europe 50
Index to the STOXX Europe Total Market Index effective as of the
close of market on September 20, 2019. The new index covers
approximately 95 percent of the free float market capitalization
across 17 European countries: Austria, Belgium, Poland, Denmark,
Finland, France, Germany, Ireland, Italy, Luxembourg, the
Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the
United Kingdom.
For more information, please see visit
www.spdrs.com/lowcost.
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 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 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 third largest asset manager with nearly US $2.90 trillion*
under our care.
* This figure is presented as of June 30, 2019 and includes
approximately $36 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.
Important Risk Information:
Investing involves risk including the risk of loss of
principal.
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.
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.
Risk associated with equity investing includes stock values
which may fluctuate 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
securities tend to be more volatile than diversified funds and the
market as a whole.
Equity securities may fluctuate in value in response to the
activities of individual companies and general market and economic
conditions.
Foreign investments involve greater risks than US investments,
including political and economic risks and the risk of currency
fluctuations, all of which may be magnified in emerging
markets.
Bond funds contain interest rate risk (as interest rates rise
bond prices usually fall); the risk of issuer default; issuer
credit risk; liquidity risk; and inflation risk.
Some of the funds may contain interest rate risk (as interest
rates rise bond prices usually fall); the risk of issuer default;
inflation risk; and issuer call risk.
The values of debt securities may decrease as a result of many
factors, including, by way of example, general market fluctuations;
increases in interest rates; actual or perceived inability or
unwillingness of issuers, guarantors or liquidity providers to make
scheduled principal or interest payments; illiquidity in debt
securities markets; and prepayments of principal, which often must
be reinvested in obligations paying interest at lower rates.
Passively managed funds invest by sampling the index, holding 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.
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 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 or summary
prospectus which contains this and other information, call
1-866-787-2257 or visit www.spdrs.com. Read it
carefully.
© 2019 State Street Corporation - All Rights Reserved
Not FDIC Insured • No Bank Guarantee • May Lose Value
© 2019 State Street Corporation - All Rights Reserved
State Street Global Advisors, One Iron Street, Boston, MA 02110
2728996.1.1.AM.RTL
Expiration Date: 9/30/2020
1 Source: Bloomberg, as of 8/31/19 2 Source: Bloomberg, as of
8/31/19 3 SPTI (previously ITE) lowered its TER from 0.10% to 0.06%
on 4/26/2019; SPBO (previously CBND) lowered its TER from 0.15% to
0.06% on 7/31/2018; SPHY (previously CJNK) lowered its TER from
0.40% to 0.15% on 3/11/2019; SPMB (previously MBG) lowered its TER
from 0.20% to 0.06% on 5/30/2018.
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version on businesswire.com: https://www.businesswire.com/news/home/20190920005049/en/
Olivia Offner +1 617.662.0198 ooffner@statestreet.com
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