State Street Enhances Its SPDRs Offering With New Emerging Markets ETF
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State Street Global Advisors (State Street), the investment management
arm of State Street Corporation (NYSE: STT), today announced the launch
of the SPDR S&P Emerging Markets Small Cap ETF (Ticker: EWX) on the
American Stock Exchange.
The SPDR S&P Emerging Markets Small Cap ETF seeks to track S&P/Citigroup
Emerging Market Small Cap < $2 Billion
Index, which includes more than 1,600 companies with market
capitalizations below $2 billion domiciled in 26 countries. Its expense
ratio is 0.65%.
"The SPDR S&P Emerging Markets Small Cap ETF
is a key addition to our growing family of SPDR ETFs,”
said James Ross, senior managing director at State Street. "In
addition to helping investors further diversify an international equity
portfolio, EWX offers access to a market segment that has been the
source of increasing interest, as small cap companies are often well
positioned to take advantage of the strong growth occurring within
The SPDR S&P Emerging Markets Small Cap ETF compliments State Street’s
existing suite of emerging markets ETFs, which now includes eight SPDR
ETFs that provide precise, low cost access to segments of the market
that have previously been inefficient or not readily accessible. These
emerging markets SPDR ETFs include:
SPDR S&P BRIC 40 ETF (BIK);
SPDR S&P China ETF (GXC);
SPDR S&P Emerging Asia Pacific ETF (GMF);
SPDR S&P Emerging Europe ETF (GUR);
SPDR S&P Emerging Latin America ETF (GML);
SPDR S&P Emerging Markets ETF (GMM); and
SPDR S&P Emerging Middle East & Africa ETF (GAF).
State Street is one of the largest ETF providers in the United States
and abroad with more than $159 billion of ETF assets under
management.(a) Today, State Street’s family of
SPDR Exchange Traded Funds allows investors to choose from more than 66
ETFs globally. For more information on SPDR exchange traded funds visit www.spdretfs.com.
About State Street Global Advisors
State Street Global Advisors, the investment management arm of State
Street Corporation (NYSE: STT), delivers investment strategies and
integrated solutions to clients worldwide across every asset class,
investment approach and style. With $2 trillion in assets under
management at March 31, 2008, State Street Global Advisors has
investment centers in Boston, Hong Kong, London, Toronto, Montreal,
Munich, Paris, Singapore, Sydney, Tokyo and Zurich, and offices in 27
cities worldwide. For more information, visit State Street Global
Advisors at www.ssga.com.
Note to Editors: SPDR® Exchange Traded Funds
SPDR ETFs are a comprehensive family spanning an array of international
and domestic asset classes. Offered by State Street Global Advisors,
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—in
partnership with the American Stock Exchange—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 successes with gold,
international real estate, international fixed income and sector ETFs.
(a) As of March 31, 2008 SPDR ETFs are advised by SSgA Funds Management
Inc., a registered investment adviser and a wholly owned subsidiary of
State Street Corporation.
ETFs trade like stocks, are subject to investment risk and will
fluctuate in market value.
Foreign investments involve greater risks than U.S. investments,
including political and economic risks and the risk of currency
fluctuations, all of which may be magnified in emerging markets.
Small company issues can be subject to increased volatility and
considerable price fluctuations.
Securities focused on a single country involve heightened risk and
Frequent trading of ETFs could significantly increase commissions and
other costs such that they may offset any savings from low fees or costs.
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.
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.
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