State Street Global Advisors Unveils First-Ever International Real Estate Exchange-Traded Fund.Seeks to Track Performance of Real Estate Securities Outside the U.S. BOSTON -- State Street Global Advisors ("State Street")(a), today launched the streetTRACKS([R]) DJ Wilshire International Real Estate ETF ETF See Exchange Traded Fund. ETF See exchange-traded fund (ETF). (Amex: RWX RWX Read, Write, Execute RWX Read Write and Execute RWX Renderware Script ) 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])). RWX is based on the Dow Jones Wilshire exUS Real Estate Securities Index(SM) and is the first ETF to monitor performance of publicly traded global real estate securities outside of the U.S. "Through the launch of this ETF, we've provided investors with simple, comprehensive exposure to the international real estate market, an exciting and otherwise difficult asset class to access," said James Ross, senior managing director of State Street Global Advisors. "Investors now have another vehicle to complement their international investment strategies." RXW is the latest in State Street's series of international ETF offerings. Recently, State Street launched two Japan-focused ETFs on the Amex: streetTRACKS([R]) Russell/Nomura PRIME[TM] JAPAN ETF (Amex: JPP) and streetTRACKS([R]) Russell/Nomura Small Cap[TM] Japan ETF (Amex: JSC), both are based upon indices created by the Russell Investment Group Russell Investment Group is an investment firm with global reach, providing investment products and services to individuals and institutions in 44 countries. A pioneer in multi-manager investing, and the creator of Russell Indexes, Russell manages more than US$200 billion in assets and Nomura Securities Co., Ltd. State Street currently has more than $113 billion in ETF 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. worldwide (at November 30, 2006) and is one of the largest providers in the U.S. 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 67 ETFs worldwide. "The introduction of this international real estate ETF gives investors another innovative tool for their portfolios," said Cliff Weber, senior vice president of the Amex ETF Marketplace. "Amex and State Street enjoy a longtime collaborative commitment to investors by introducing ground- breaking investment vehicles." For more information, please visit www.ssgafunds.com. About State Street Global Advisors State Street Global Advisors, the investment management arm of State Street Corporation (NYSE NYSE See: New York Stock Exchange : STT), delivers investment strategies and integrated solutions to clients worldwide across every asset class, investment approach and style. With $1.6 trillion in assets under management as of September 30, 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 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 SSgA. (b) Source: SSgA Advisor Consulting Services as of November 30, 2006 ETFs trade like a stock and are subject to market risk. Foreign investments involve greater risks than U.S. investments, including political and economic risks and the risk of currency fluctuations. Funds investing in a single sector may be subject to more volatility than funds investing in a diverse group of sectors. streetTRACKS[R] is a registered service mark of State Street Corporation. streetTRACKS[R] are distributed by 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. . Dow Jones Wilshire exUS RESI RESI Race and Ethnic Studies Institute RESI Richardson Engineering Services, Inc is an index designed to provide measures of non-U.S. real estate securities that serve as proxies for direct real estate investing Real estate investing involves the purchase of real estate for profit. Profits are accumulated slowly by renting out properties in a cashflow method, or are generally improved and resold for a capital gain. . Dow Jones & Company, Inc. is the owner of the trademarks and copyrights relating to the Dow Jones Indexes. The Dow Jones Wilshire Indexes(SM) 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 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. . streetTRACKS products, based on the Dow Jones Wilshire Indexes are not sponsored, endorsed, sold, or promoted by Dow Jones or Wilshire and neither make any representation regarding the advisability of investing in them. 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 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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