Wednesday, April 23, 2008
Investors Know a SPDR When They See One
News summary by MFWire's editors
State Street Global Advisors
is the owner of the most recognizable brand of ETFs in the Americas. The Boston firm received the honor at the 4th Annual Global ETF Awards Dinner held in New York on April 17. The award follows the campaign the company embarked on in January 2007 to re-brand its ETFs under the SPDR brand name to make them easier for investors to identify.
Company Press Release
BOSTON--(BUSINESS WIRE)--State Street Global Advisors (SSgA), the investment management arm of State Street Corporation (NYSE: STT - News) and the largest institutional fund manager in the world¹, announced it received the Most Recognized ETF Brand in the Americas award at the 4th Annual Global ETF Awards Dinner held in New York on April 17.
Based on votes cast by more than 340 ETF industry leaders, this award follows a re-branding initiative launched by State Street Global Advisors in January 2007 that consolidated the firm’s exchange traded fund offerings under the singular umbrella of SPDR® ETFs to make it easier for investors to identify the firm’s ETFs in a rapidly growing market.
In addition to Most Recognized ETF Brand, State Street was also presented with additional awards for:
* ETF – Most Assets Raised in Absolute Terms (SPDR®S&P 500® ETF – Ticker SPY);
* ETF – Most Assets Raised in Percentage Terms (SPDR DJ Wilshire International Real Estate ETF Ticker: RWX);
* Most Liquid ETF – Americas (SPDR®S&P 500® ETF).
“It is an honor for State Street to be recognized by industry peers for its leadership in ETFs,” says Jim Ross, senior managing director, at State Street Global Advisors. “Having unveiled the world’s first ETF fifteen years ago, State Street takes great pride in providing outstanding products to investors seeking more precise exposure to the U.S. and global markets, a commitment that continues to strengthen the SPDR brand as the industry evolves.”
State Street Global Advisors is one of the largest ETF providers in the United States and globally. As of March 31, 2008, assets under management in State Street’s ETFs worldwide totaled more than $159 billion – up from $114.2 billion year over year. For more information, visit www.spdretfs.com.
About State Street Global Advisors
State Street Global Advisors, the investment management arm of State Street Corporation (NYSE: STT - News), 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, Milan, Montreal, Munich, Paris, Singapore, Sydney, Tokyo and Zurich, and offices in 25 cities worldwide. For more information, visit State Street Global Advisors at www.ssga.com.
¹Source: Pensions & Investments magazine for SSgA’s assets under management as of December 31, 2006
* The U.S. SPDR ETFs are advised by SSgA Funds Management Inc. and distributed by State Street Global Advisors, LLC member FINRA, SIPC, each wholly owned subsidiaries of State Street Corporation.
The “SPDR” 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. Standard & Poor’s®, S&P®, S&P 500®, Select Sector SPDR®, Select Sector SPDRs® are trademarks of The McGraw-Hill Companies, Inc., and have been licensed for use by State Street Bank and Trust Company.
Before investing, consider the funds’ investment objectives, risks, charges and expenses. A prospectus which contains this and other information about the fund can be obtained by calling 1-877-521-4083 or talking to your financial advisor. Read it carefully before investing.
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