SPDR MSCI ACWI (AMEX:CWI)
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State Street Global Advisors (State Street)(a), the investment
management arm of State Street Corporation (NYSE: STT), today announced
the launch of the SPDR® MSCI ACWI (All Country
World Index) ex-US ETF (AMEX: CWI).
The ETF’s benchmark is the MSCI All Country
WorldSM ex USA Index, which includes developed
and emerging markets stocks outside the United States. The CWI ETF is
the first of its kind to offer comprehensive international exposure to
both of these markets.
“This new ETF complements our diverse offering
of international ETFs, which span developed and emerging economies, by
providing the most comprehensive international equity exposure available
in a single trade,” said James Ross, senior
managing director of State Street Global Advisors. “In
fact, investors can cover the entire spectrum of global equity markets
by combining CWI with our SPDR® DJ Wilshire
Total Market ETF (AMEX: TMW).”
The SPDR® MSCI ACWI ex-US ETF is the latest in
State Street’s series of international ETF
offerings. Recently, State Street launched the SPDR®
DJ Wilshire International Real Estate ETF (AMEX: RWX) on the American
Stock Exchange®
(Amex®). RWX
is based on the Dow Jones Wilshire ex-US Real Estate Securities IndexSM
and is the first ETF to monitor performance of publicly traded global
real estate securities outside of the United States.
State Street currently manages more than $113 billion ETF assets
worldwide (as of December 31, 2006) and is one of the largest providers
in the US and globally, with a market share of more than 20 percent.(b)
State Street continues to experience significant demand for these
investment strategies and today manages a total of 69 ETFs worldwide.
About State Street Global Advisors
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 $1.7 trillion in assets under management as of
December 31, 2006, 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.
(a) The Funds are advised by SSgA Funds Management Inc., a registered
investment adviser and a wholly owned subsidiary of SSgA.
(b) Source: SSgA Advisor Consulting Services as of December 31, 2006
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. Changes in real estate values or economic conditions can
have a significant negative effect on issuers in the real estate
industry, which may affect the fund, all of which may be magnified in
international markets.
Funds investing in a single sector may be subject to more volatility
than funds investing in a diverse group of sectors.
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.
Dow Jones Wilshire exUS RESI is an index designed to provide measures of
non-U.S. real estate securities that serve as proxies for direct real
estate investing.
Dow Jones & Company, Inc. is the owner of the trademarks and copyrights
relating to the Dow Jones Indexes. The Dow Jones Wilshire IndexesSM
are calculated and distributed by Dow Jones Indexes pursuant to an
agreement between Dow Jones & Company, Inc. and Wilshire Associates
Incorporated. Dow Jones and Wilshire are the respective service marks of
Dow Jones and Wilshire Associates and have been licensed for used by
State Street Bank and Trust Company.
Inclusion of a company in the Dow Jones Wilshire Indexes does not in any
way reflect an opinion of Dow Jones or Wilshire on the investment merits
of the company
State Street Global Markets, LLC, member NASD, SIPC, is distributor for
all SSgA® Funds and SPDRs products except for
SPDR S&P 500, Dow Diamonds and Select Sector SPDRS which are distributed
by ALPS Distributors, Inc., a registered broker-dealer.
The SPDR® MSCI ACWI ex-US ETF is based on an
MSCI Index. This ETF is not sponsored, endorsed, or promoted by MSCI,
and MSCI bears no liability with respect to any such financial product
or any index on which such financial product is based. The prospectus
contains a more detailed description of the limited relationship MSCI
has with State Street.
Before investing, 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.
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