State Street Global Advisors Announces Changes to US SPDR® ETF Lineup
October 14 2016 - 5:13PM
Business Wire
State Street Global Advisors (SSGA), the asset management
business of State Street Corporation (NYSE:STT), today announced
plans to close and liquidate the following five exchange traded
funds based on an ongoing review of the SPDR ETF offering and
market demand:
- SPDR MSCI International Real Estate
Currency Hedged ETF (HREX)
- SPDR MSCI South Korea
StrategicFactorsSM ETF (QKOR)
- SPDR MSCI Mexico StrategicFactorsSM ETF
(QMEX)
- SPDR MSCI Taiwan StrategicFactorsSM ETF
(QTWN)
- The Financial Services Select Sector
SPDR® Fund (XLFS)
The final day for creations will be November 14, 2016 with the
exception of HREX, for which the final day for creations will be
November 11, 2016. Trading of all five funds will be suspended on
the NYSE Arca at the open of market on November 15, 2016, and
proceeds of the liquidation are scheduled to be sent to
shareholders on or about November 22, 2016. For additional
information on the liquidation, shareholders of the funds can visit
www.spdrs.com.
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 approximately $28 trillion in
assets under custody and administration and $2 trillion* 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 $2.3 trillion as of June
30, 2016. AUM reflects approx. $40 billion (as of 6/30/2016) with
respect to which State Street Global Markets, LLC (SSGM) serves as
marketing agent; SSGM and State Street Global Advisors are
affiliated.
ETFs trade like stocks, are subject to investment risk,
fluctuate in market value and may trade at prices above or below
the ETF's net asset value. Brokerage commissions will reduce
returns. Index-based ETFs are passively managed and seek to track
an index of securities. Expenses may cause the ETF's returns to
deviate from the returns of the index.
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. Certain State Street affiliates provide services
and receive fees from the SPDR ETFs. ALPS Distributors, Inc., a
registered broker-dealer, is distributor for SPDR® S&P® 500,
SPDR® S&P® MidCap 400 and SPDR Dow Jones Industrial Average,
and all unit investment trusts. ALPS Portfolio Solutions
Distributor, Inc. is distributor for Select Sector SPDRs. ALPS
Distributors, Inc. and ALPS Portfolio Solutions Distributor, Inc.
are not affiliated with State Street Global Markets, LLC.
ALPS Portfolio Solutions Distributor, Inc., a registered
broker-dealer, is the distributor for the Select Sector SPDR
Trust.
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.
Not FDIC Insured • No Bank Guarantee • May Lose Value
(C) 2016 State Street Corporation - All Rights Reserved
Expiration date: 09/30/2017
CORP-2229
SSL000751
SEL002403
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161014005880/en/
State Street CorporationAndrew Hopkins, +1
617-664-2422Ahopkins2@StateStreet.com
State Street (NYSE:STT)
Historical Stock Chart
From Mar 2024 to Apr 2024
State Street (NYSE:STT)
Historical Stock Chart
From Apr 2023 to Apr 2024