State Street Global Advisors Announces Index Changes
State Street Global Advisors Announces Index Changes
BOSTON--(BUSINESS WIRE)-- State Street Global Advisors (SSgA), the asset management business of State Street Corporation (NYS: STT) , announced changes to the indexes, names and tickers of three US equity SPDR ETFs. The following changes are effective July 9, 2013:
Former ETF Name | Former Index | New ETF Name | New ETF Index | Management Fee | ||||||||
SPDR Dow Jones | Dow Jones US | SPDR Russell 3000 | Russell 3000 Index | 10 bps | ||||||||
SPDR Dow Jones | Dow Jones US | SPDR Russell 1000 | Russell 1000 Index | 10 bps | ||||||||
SPDR Dow Jones | Dow Jones US Mid | SPDR Russell | Russell Small Cap | 10 bps | ||||||||
The three SPDR ETFs will seek to track Russell Indexes that provide comprehensive coverage of each underlying market segment. Russell captures 72 percent of the market share for all US institutional equity products reporting a benchmark.
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 Corporation, one of the world's leading providers of financial services to institutional investors.
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 visitwww.spdrs.com. Read it carefully.
ETFs trade like stocks, 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.
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.
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.
State Street Corporation
Elizabeth Bartlett, 617-662-2903
KEYWORDS: United States North America Massachusetts
INDUSTRY KEYWORDS:
The article State Street Global Advisors Announces Index Changes originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
