State Street Global Advisors (SSgA), the asset management arm of State
Street Corporation (NYSE:STT) today announced the launch of the SPDR
EURO STOXX Small Cap ETF (Symbol: SMEZ). Designed to provide investors
with access to small companies across the euro zone, SMEZ began trading
on the NYSE Arca on June 5, 2014.
“As Europe’s economy recovers from a double-dip recession that began in
2008, investors are growing more optimistic about the growth potential
of European equities,” said James Ross, executive vice president and
global head of SPDR Exchange Traded Funds at State Street Global
Advisors. “With the launch of the SPDR EURO STOXX Small Cap ETF,
investors will have an opportunity to diversify their European equity
holdings while gaining exposure to small cap stocks, an asset class that
tends to be highly correlated to the performance of local markets1.”
The SPDR EURO STOXX Small Cap ETF strengthens State Street Global
Advisors’ suite of SPDR ETFs designed to provide precise exposure to
European equities. Other funds include the SPDR EURO STOXX 50 ETF
(Symbol: FEZ) and the SPDR STOXX Europe 50 ETF (Symbol: FEU).
Year-to-date, FEZ and FEU have attracted more than $646 million of new
inflows as of May 30, 2014.
The SPDR EURO STOXX Small Cap ETF seeks to track the performance of the
EURO STOXX Small Index. The index consists of a representation of small
capitalization companies located within European Union countries that
have adopted the euro as their currency. Countries covered in the index
have historically included Austria, Belgium, Finland, France, Germany,
Ireland, Italy, Luxembourg, the Netherlands and Spain. As of May 30,
2014 there were 96 securities included in the index. The SPDR EURO STOXX
Small Cap ETF expense ratio is 0.45 percent.
About SPDR Exchange Traded Funds
SPDR ETFs are a comprehensive family spanning an array of international
and domestic asset classes. SPDR ETFs are managed by SSgA Funds
Management, Inc., a registered investment adviser and wholly owned
subsidiary of State Street Bank and Trust Company. The funds provide
investors with the flexibility to select investments that are precisely
aligned to their investment strategy. Recognized as an industry pioneer,
State Street created the first US listed ETF in 1993 (SPDR S&P 500® –
Ticker SPY) and has remained on the forefront of responsible innovation,
as evidenced by the introduction of many ground-breaking products,
including first-to-market launches with gold, international real estate,
international fixed income, and sector ETFs. For more information, visit www.spdrs.com.
About State Street Global Advisors
State Street Global Advisors (SSgA) is a global leader in asset
management. The firm is relied on by sophisticated investors worldwide
for its disciplined investment process, powerful global investment
platform and access to every major asset class, capitalization range and
style. SSgA is the asset management business of State Street
Corporation, one of the world’s leading providers of financial services
to institutional investors.
1Source: Stoxx, Zephyr StyleAdvisor, SSgA. Euro Stoxx & Euro
Stoxx Small, Mid, and Large indexes used as proxies. As of 3/31/2014.
Index returns are unmanaged and do not reflect the deduction of any fees
or expenses. Index returns reflect all items of income, gain and loss
and the reinvestment of dividends and other income.
Past performance is not a guarantee of future results.
Diversification does not ensure a profit or guarantee against loss.
ETFs trade like stocks, are subject to investment risk, fluctuate in
market value and may trade at prices above or below the ETFs net asset
value. Brokerage commissions and ETF expenses will reduce returns.
Before investing, consider the funds’ investment objectives, risks,
charges and expenses. To obtain a prospectus or summary prospectus which
contains this and other information, call 1-866-787-2257 or visit www.spdrs.com.
Read it carefully.
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.
Investments in small-sized companies may involve greater risks than in
those of larger, better known companies.
Foreign investments involve greater risks than U.S. investments,
including political and economic risks and the risk of currency
fluctuations. Non-diversified funds that focus on a relatively small
number of securities tend to be more volatile than diversified funds and
the market as a whole.
Non-diversified funds that focus on a relatively small number of
securities tend to be more volatile than diversified funds and the
market as a whole.
While the shares of ETFs are tradable on secondary markets, they may not
readily trade in all market conditions and may trade at significant
discounts in periods of market stress.
The Fund invests by sampling the index, holding a range of securities
that, in the aggregate, approximates the full Index in terms of key risk
factors and other characteristics. This may cause the fund to experience
tracking errors relative to performance of the index.
CORP-1029
Copyright Business Wire 2014