State Street Global Advisors (SSgA), the asset management business of State Street Corporation (NYSE:STT), today announced that the SPDR S&P® Transportation ETF (NYSE:XTN), SPDR S&P Telecom ETF (NYSE:XTL), and SPDR S&P Healthcare Equipment ETF (NYSE:XHE) began trading on the NYSE Arca on January 27, 2011. The launch of these three exchange traded funds (ETFs) brings State Street’s family of SPDR ETFs in the US to 96 offerings, including 41 that provide precise exposure to a wide range of US, international, and global industries, sectors and real estate segments.
SSgA’s three new SPDR industry ETFs will seek to track the performance of a series of S&P Select Industry Indices, which are designed to measure the performance of narrow Global Industry Classification Standard (GICS®) sub-industries, the most detailed level of industry definition. Constituent stocks are members of the S&P Total Market Index, which includes all common equities listed on the NYSE and the NASDAQ US exchanges. “Our family of exchange traded funds continues to expand to meet the needs of a growing number of investors and financial professionals who rely on SPDR ETFs to implement a variety of asset allocation strategies and enhance the diversification of their portfolios,” said James Ross, senior managing director and global head of SPDR Exchange Traded Funds at State Street Global Advisors. “With the addition of these three new SPDR ETFs, investors have the ability to access the closely-followed transportation, telecom and healthcare industries with unmatched precision.” SSgA’s new ETFs include:
|ETF Name||Ticker||Index Description||Expense Ratio|
|SPDR S&P Transportation ETF||XTN||The S&P Transportation Select Industry Index is an equal-weighted index that includes 32 transportation companies with market capitalizations of at least $400 million.||0.35%|
|SPDR S&P Telecom ETF||XTL||The S&P Telecom Select Industry Index is an equal-weighted index that includes 27 telecom companies with market capitalizations of at least $400 million.||0.35%|
|SPDR S&P Healthcare Equipment ETF||XHE||S&P Healthcare Equipment Select Industry Index is an equal-weighted index that includes 30 healthcare equipment companies with market capitalizations of at least $400 million.||0.35%|
State Street manages $255 billion* in SPDR ETF assets worldwide (as of December 31, 2010) and is one of the largest ETF providers in the US and globally. About SPDR Exchange Traded Funds
SPDR ETFs are a comprehensive family spanning an array of international and domestic asset classes. SPDR ETFs provide professional investors with the flexibility to select investments that are precisely aligned to their investment strategy. Recognized as the industry pioneer, State Street created the first ETF in 1993 (SPDR S&P 500 – Ticker SPY). Since then, we’ve sustained our place as an industry innovator through 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
State Street Global Advisors (SSgA) is a global leader in asset management. The firm is relied on by sophisticated investors worldwide for its disciplined investment process, powerful global investment platform and access to every major asset class, capitalization range and style. SSgA is the asset management business of State Street, one of the world’s leading providers of financial services to institutional investors. *Source: SSgA Global ETF Strategy & Research. This AUM includes the assets of the SPDR Gold Trust (approx. $58 billion [as of December 31, 2010]), for which State Street Global Markets, LLC, an affiliate of State Street Global Advisors serves as the marketing agent.
Important Risk Information: 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.
Because of their narrow focus, sector investing tends to be more volatile than investments that diversify across many sectors and companies. Asset Allocation may be used in an effort to manage risk and enhance returns. It does not, however, guarantee a profit or protect against loss. Diversification does not ensure a profit or guarantee against loss.
“SPDR” is a registered trademark of Standard & Poor’s Financial Services LLC (“S&P”) and has been licensed for use by State Street Corporation. No financial product offered by State Street Corporation or its affiliates is sponsored, endorsed, sold or promoted by S&P or its Affiliates, and S&P and its affiliates make no representation, warranty or condition regarding the advisability of buying, selling or holding units/shares in such products. Further limitations and important information that could affect investors’ rights are described in the prospectus for the applicable product. Distributor: State Street Global Markets, LLC, member FINRA, SIPC, a wholly owned subsidiary of State Street Corporation. References to State Street may include State Street Corporation and its affiliates.
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. Corp – 0280
State Street Marie McGehee, 617-664-1898 or River Communications Troy Mayclim, 914-686-5599