State Street Expands International ETF Offering.New SPDR SPDR The Standard and Poor's depositary receipt. This is a tracking stock which trades like an index mutual fund which follows the S&P 500. It trades continuously. SPDR See Standard amp; Poor's Depositary Receipt (SPDR). Tracks Infrastructure Investments in Developed and Emerging Countries BOSTON -- State Street Global Advisors ("State Street")*, the investment management arm of State Street Corporation (NYSE NYSE See: New York Stock Exchange : STT STT State Street Corporation (stock symbol) STT Suomen Tietotoimisto (Finnish National News Agency) STT Secure Transaction Technology STT Surface Tension Transfer (welding) ), today announced that it will launch the SPDR[R] FTSE/Macquarie Global Infrastructure 100 ETF ETF See Exchange Traded Fund. ETF See exchange-traded fund (ETF). (AMEX AMEX See: American Stock Exchange : GII) on January 30. This SPDR seeks to track an index of developed and emerging country stocks involved in infrastructure industries such as pipelines, transportation services, electricity, water, and telecommunications. The Macquarie Global Infrastructure 100 Index, calculated by leading global index provider FTSE Group, serves as the underlying benchmark for GII. "With the launch of this SPDR, we are responding to our clients' demands for access to stocks that cover infrastructure industries on a global scale," said Anthony Rochte, senior managing director of State Street Global Advisors. "This product is part of our steadfast commitment to provide quality offerings that precisely align with investors' investment strategies." This SPDR complements State Street's series of international ETF offerings. Recently, State Street launched the SPDR[R] MSCI ACWI ACWI Advisory Committee on Water Information ACWI All Country World Index (All Country World Index) ex-US ETF (AMEX: CWI) on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. ([R]) (Amex([R])). It is benchmarked against the MSCI All Country World exUSA Index and includes both developed and emerging markets outside of the United States. State Street manages more than $113 billion ETF assets worldwide (as of December 31, 2006) and is one of the largest providers in the U.S. and globally, with a market share of more than 20 percent.** State Street continues to experience significant demand for these investment strategies and today manages a total of 70 ETFs worldwide. About State Street Global Advisors State Street Global Advisors, the investment management arm of State Street Corporation, delivers investment strategies and integrated solutions to clients worldwide across every asset class, investment approach and style. With US$1.7 trillion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. 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. * The Funds are advised by SSgA Funds Management Inc., a registered investment adviser and a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of State Street Corporation. ** 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, all of which may be magnified in emerging markets. Funds investing in a single sector may be subject to more volatility than funds investing in a diverse group of sectors. The Macquarie Global Infrastructure 100 Index is a trademark of Macquarie and has been licensed for use by State Street Bank and Trust Company The State Street Bank and Trust Company is a bank. It was a subsidiary of the State Street Corporation, until it sold off the retail banking portion of this unit in 1999 to Citizens Financial Group (a subsidiary of the Royal Bank of Scotland), of Providence, RI. through its State Street Global Advisors Division. The SPDR[R] FTSE/Macquarie Global Infrastructure 100 ETF is not in any way sponsored, endorsed, managed, sold or promoted by FTSE FTSE A company that specializes in index calculation. Although not part of a stock exchange, co-owners include the London Stock Exchange and the Financial Times. Notes: The FTSE is similar to Standard & Poor's in the United States. International Limited ("FTSE"), Macquarie Bank Limited or its affiliates or subsidiaries, the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. Plc (the "Exchange") or by The Financial Times Limited ("FT"). For further important information and disclaimers regarding Macquarie, see spdretfs.com. 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. The SPDR[R] 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. The Macquarie Global Infrastructure 100 Index (''MGI 100 Index'') calculated by the Financial Times Stock Exchange (''FTSE'') is designed to reflect the stock performance of companies within the infrastructure industry, principally those engaged in management, ownership and operation of infrastructure and utility assets. The MGI 100 Index is a composite of the broader Macquarie Global Infrastructure Index (''MGII'') which is based on 255 stocks (as of September 30, 2006) in the FTSE Global Equity Index Series. The MGI 100 Index is based on the universe of the MGII with a further country screen allowing only constituents in the FTSE developed and FTSE Advanced Emerging regions. Eligible countries from the MGII are then re-ranked by investable market with the top 100 being included in the index. The MSCI ACWISM ex USA Index is a free float-adjusted market capitalization index that is designed to measure equity market performance in all global developed and emerging markets outside of the US. State Street Global Markets, LLC, member NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). , SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. , distributor. Before investing, carefully 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. 10293-0108 |
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