State Street Global Advisors
has added two SPDRS to its roster. The SPDR DJ Wilshire Global Real Estate ETF
, with an expense ratio of 50 bps, and the SPDR S&P International Mid Cap ETF
, which charges 45 bps, began trading at the American Stock Exchange on Tuesday.
State Street managing director James Ross
said that with the addition of the global real estate product rounds out SSgA's real estate offerings.
As for the international mid-cap ETF, Ross said SSgA created the product in response to investor demand for more high quality international portfolio management tools."
Boston-based SSgA claims AUM of $148.2 billion in its ETFs as of March 31.
Company Press Release
BOSTON--(BUSINESS WIRE)--State Street Global Advisors (SSgA), the investment management arm of State Street Corporation (NYSE: STT - News), today announced two new SPDR exchange traded funds (ETFs) will begin trading on the American Stock Exchange on May 13.
Developed to provide investors with precise exposure to targeted segments of the global and international markets, the new SPDRs include:
SPDR® DJ Wilshire Global Real Estate ETF
Index description: Index includes more than 240 commercial and residential real estate companies domiciled in 23 countries across the globe, including the U.S.
Expense ratio: 0.50%
SPDR® S&P International Mid Cap ETF
Index description: Index includes more than 850 companies with market capitalizations between $2 and $5 billion domiciled in 25 developed countries outside the U.S.
Expense ratio: 0.45%
“Offering a level of international diversification that has not been readily accessible in the past, the new SPDR S&P International Mid Cap ETF was developed to meet increasing investor demand for more high quality international portfolio management tools,” said James Ross, senior managing director at State Street. “With the addition of the SPDR DJ Wilshire Global Real Estate ETF, our family of SPDRs ETFs now provides investors with distinct exposure to the domestic, international, and global real estate markets.”
State Street Global Advisors is one of the largest ETF providers in the United States and globally. As of March 31, 2008, US assets under management in State Street’s ETFs totaled more than $148.2 billion¹ – up from $103.3 billion year over year.
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