State Street Global Advisors (SSgA)*, the asset management business of State Street Corporation (NYSE: STT), today announced changes to the index and name of the SPDR Dow Jones Global Titans ETF. Effective May 2, 2011, the SPDR Dow Jones Global Titans ETF began tracking The Global Dow index and was renamed the SPDR Global Dow ETF. The fund’s ticker symbol (DGT) and annual expense ratio (0.50 percent) remain unchanged and no action is required by shareholders.
The Global Dow is a 150-stock index of leading blue chip companies from around the world. The Index includes companies with a long history of success and a wide following among investors that are selected by an Averages Committee comprised of the managing editor of The Wall Street Journal, the head of Dow Jones Indexes research and the head of CME Group Research. The Index is equal-weighted and includes companies from developed and emerging economies as well as those from emerging economic sectors.
“We’re pleased to provide investors with access to The Global Dow, an innovative benchmark often viewed as a global extension of the Dow Jones Industrial Average,” said James Ross, senior managing director and global head of SPDR Exchange Traded Funds at State Street Global Advisors. “In addition to tracking a broader universe of leading companies, the SPDR Global Dow ETF’s equal-weighted index strategy ensures that the price movements of the larger stocks are balanced with those of the smaller stocks.”
State Street manages $260* billion in SPDR ETF assets worldwide (as of March 31, 2011) 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 are managed by SSgA Funds Management, Inc., a registered investment adviser and wholly owned subsidiary of State Street Bank and Trust Company. The funds 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.
*SPDR ETFs are managed by SSgA Funds Management, Inc., a registered investment adviser and wholly owned subsidiary of State Street Bank & Trust Company.
**This AUM includes the assets of the SPDR Gold Trust (approximately $56 billion as of March 31, 2011), 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.
In addition to normal risks associated with equity investing, international investing may involve risk of capital loss from unfavorable fluctuations in currency values, from differences in generally accepted accounting principles, and from adverse political, social and economic instability in other nations.
“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 or its affiliates is sponsored, endorsed, sold or promoted by S&P.
"Dow Jones®," "Dow Jones Indexes," “Dow Jones Global Titans 50” and “The Global Dow” are service marks of Dow Jones Trademark Holdings LLC ("Dow Jones"), have been licensed for use by CME Group Index Services LLC ("CME Indexes") and sublicensed for use by State Street Global Advisors (SSgA). “Titans” is a service mark of CME Indexes. SSgA’s SPDR Global Dow ETF and SPDR Global Titans ETF are not sponsored, endorsed, sold or promoted by Dow Jones, CME Indexes or their respective affiliates and Dow Jones, CME Indexes and their respective affiliates make no representation regarding the advisability of investing in such ETFs.
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.
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.
Marie McGehee, 617-664-1898
Troy Mayclim, 914-686-5599