State Street Launches the SPDR(R) S&P(R) International Dividend ETF
20 February 2008 - 3:02AM
Business Wire
State Street Global Advisors (SSgA), the investment management arm
of State Street Corporation (NYSE: STT) and the largest
institutional fund manager in the world�, today announced that the
SPDR� S&P� International Dividend ETF (Ticker: DWX) will begin
trading on the American Stock Exchange (Amex) on February 19, 2008.
The SPDR S&P International Dividend ETF seeks to track the
S&P International Dividend Opportunities Index, which includes
100 tradable, exchange-listed stocks from around the world that
offer high dividend yields. The stocks included in this index must
have a minimum total market capitalization of $1.5 billion, a
three-month average daily value traded greater than $10 million,
and have traded at least 300,000 shares for each of the preceding
six months. Additionally, for inclusion in the index the stocks
must meet the following stability factors: positive 5-year earnings
growth and profitability � measured by positive earnings per share
over the latest 12-month period. Its expense ratio will be 0.45
percent. �The SPDR S&P International Dividend ETF was developed
in response to strong demand from our clients seeking the
competitive yield opportunities available from foreign company
dividends, which have historically yielded more than those of U.S.
companies,� said Anthony Rochte, senior managing director at State
Street. �Offering efficient, precise exposure to foreign companies
with proven track records of generating both attractive income and
steady earnings potential; DWX helps to further strengthen our
family of international ETFs.� State Street manages more than $158
billion� in ETF assets worldwide (as of December 31, 2007) and is
one of the largest providers in the United States and globally.
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 $2.0 trillion in assets under management as of December
31, 2007, 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. 1 Source: Pensions & Investments magazine,
based on assets under management as of December 31, 2006. �SSgA
Funds Management, Inc. manages $158 billion in ETF assets as of
December 31, 2007. 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.
Past performance is no guarantee of future results. Diversification
does not ensure a profit or guarantee against loss. 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. S&P� and S&P 500� Index are
trademarks of The McGraw-Hill Companies, Inc. and have been
licensed for use by State Street Bank and Trust Company. Investors
should consider the investment objectives, risks, charges and
expenses of the fund carefully before investing. A prospectus which
contains this and other information about the fund can be obtained
by calling 866.787.2257 or speaking to your financial advisor. Read
the prospectus 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 ETFs. 10782-0209
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