Business Wire
Welcome
  • Log In
  • Sign Up
Search News:
Help
 State Street Global Advisors
February 26, 2007 09:18 AM Eastern Time 

streetTRACKS® Gold Shares Reaches $10 Billion Milestone

Assets Under Management Climb 66 Percent During Past Twelve Months

BOSTON--(BUSINESS WIRE)--State Street Global Markets LLC, an affiliate of State Street Global Advisors (“State Street”) (NYSE: STT), and World Gold Trust Services, LLC, a wholly-owned subsidiary of the World Gold Council, today announced that assets in the streetTRACKS® Gold Trust (NYSE: GLD), the issuer of streetTRACKS® Gold Shares, have surpassed $10 billion.

“The success of GLD exemplifies our commitment to providing investors with precise access to markets that have previously been inefficient or not readily accessible”

“A weak dollar, renewed inflation fears, and heightened political tensions across the globe appear to be increasing investors’ appetite for exposure to gold,” says James Burton, managing director of World Gold Trust Services. “As the first US exchange traded fund to provide access to the portfolio diversification benefits of gold, the streetTRACKS® Gold Trust has proven to be a popular solution for a wide array of financial advisors and investors who want cheap and easy access to gold’s unique investment properties.”

Launched by State Street and World Gold Trust Services in November 2004, GLD, the first US commodity-based exchange-traded security, has emerged as one of the fastest growing ETFs in history. As of February 20, 2007, assets under management in the fund totaled approximately $10.2 billion, making it the seventh largest ETF by assets in the US.

“The success of GLD exemplifies our commitment to providing investors with precise access to markets that have previously been inefficient or not readily accessible,” says James Ross, senior managing director of State Street Global Advisors.

About World Gold Trust Services, LLC.

World Gold Trust Services, LLC is a wholly owned subsidiary of the World Gold Council (WGC) which is a commercially-driven marketing organization that is funded by the world’s leading gold mining companies. A global advocate for gold, the WGC aims to promote the demand for gold in all its forms through marketing activities in major international markets. For further information, visit www.gold.org.

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 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.

About State Street Global Markets, LLC

State Street Global Markets LLC is a wholly-owned subsidiary of State Street Corporation. The company is a registered broker-dealer with the Securities and Exchange Commission and is a member of the National Association of Securities Dealers, Inc and the Securities Investor Protection Corporation. The company is engaged as a securities broker-dealer that comprises several classes of services, including principal transactions, agency transactions, investment servicing, and mutual fund distribution.

State Street Global Markets, LLC is the marketing agent for the streetTRACKS® Gold Trust. streetTRACKS® is a registered trademark of State Street Corporation.

streetTRACKS® Gold Trust has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the Trust and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the Trust or any Authorized Participant will arrange to send you the prospectus if you request it by calling toll free at 1-866-320-4053 or contacting State Street Global Markets, LLC, One Lincoln Street, Attn: streetTRACKS(R), 30th Floor, Boston, MA 02111.

The prospectus contains material information about the Trust and its Shares which is material and/or which may be important to you. You should read the entire prospectus, including ‘‘Risk Factors’’ before making an investment decision about the Shares.

The value of the Shares relates directly to the value of the gold held by the Trust (less Trust expenses) and fluctuations in the price of gold could materially adversely affect an investment in the Shares.

Investors should be aware that there is no assurance that gold will maintain its long-term value in terms of purchasing power in the future. In the event that the price of gold declines, the Sponsor expects the value of an investment in the Shares to similarly decline.

Shareholders will not have the protections associated with ownership of shares in an investment company registered under the Investment Company Act of 1940 or the protections afforded by the Commodity Exchange Act of 1936. The Trust is not registered as an investment company under the Investment Company Act of 1940 and is not required to register under such act.

Neither the Sponsor nor the Trustee is subject to regulation by the CFTC. Shareholders will not have the regulatory protections provided to investors in CEA-regulated instruments or commodity pools.

10325-0208

Contacts

State Street
Arlene Roberts, 617-664-3933
or
River Communications
Troy Mayclim, 914-686-5599

Recent Stories from State Street Global Advisors

  • View Press Release
    State Street Announces Webcast of Investor & Analyst Forum on February 9
    January 27, 2012
    BOSTON--(BUSINESS WIRE)--State Street Corporation announced today that on Thursday, February 9, 2012, at 12:30 p.m. EST, it will webcast a presentation to investors and analysts by Joseph L. Hooley... more »
  • Majority of Plan Participants Lost on Retirement Planning, Seek Direction from Employers, says Survey
    January 25, 2012
    BOSTON--(BUSINESS WIRE)--A survey released today by State Street Global Advisors (SSgA), the asset management business of State Street Corporation (NYSE: STT), suggests that employees around the co... more »
  • State Street Global Advisors Issues 2012 ETF & Investment Outlook
    January 24, 2012
    BOSTON--(BUSINESS WIRE)--State Street Global Advisors (SSgA)*, the asset management business of State Street Corporation (NYSE: STT), today announced the availability of 2012 ETF & Investment O... more »
More Stories
RSS feed for State Street Global Advisors
 State Street Global Advisors

Company Information Center

State Street Global Advisors RSS feed for State Street Global Advisors

NYSE:STT

Share

  • Facebook
  • Twitter
  • LinkedIn
  • Delicious
  • Reddit
  • StumbleUpon
  • Digg
  • MySpace
  • Newsvine
  • Google Bookmark
  • Yahoo! Bookmark
  • EmailEmail
Tweet
  • EmailEmail
All News
Business Wire
  • Home
    • Home
    • Membership Benefits
    • Submit a Press Release
  • News
    • All News
    • News with Multimedia
    • News by Industry
    • News by Subject
    • News by Language
    • RSS Feeds
    • Business Wire Mobile
    • Features
    • Company NewsCenters
    • Smart Marketing Pages
    • Company Profiles
    • Annual Reports
  • Events
    • Trade Shows & Events
    • Earnings & Conference Calls
    • Business Wire Events
  • PR Services
    • Press Release Distribution
    • Distribution Lists
    • Industry Targeting
    • LatinoWire & Ethnic Media
    • Public Policy Wire
    • Trade Show Services
    • Photos & Multimedia Marketing
    • GloMoSoMe
    • Press Release Measurement
    • Mobile Alerts
    • Clips & Research
    • Fax & Email Services
    • Online Newsrooms
    • News Feeds
  • IR Services
    • Material News Disclosure
    • XBRL
    • EDGAR (US)
    • IPO Services
    • SEDAR (Canada)
    • European Disclosure
    • Corporate Social Responsibility (CSR)
    • Investor Targeting
    • Fax & Email Services
    • Online Investor Centers
    • IR Resource Center
  • SEO Services
    • Press Release Optimization
    • EON: Enhanced Online News
    • Webinars & Resources
  • Journalist Tools
    • PressPass: Your News
    • Conduct Surveys
    • Business Wire News Feeds
    • Business Wire News On Your Website
    • Journalism Associations
  • Support & Education
    • FAQ
    • How to Write a Press Release
    • How To Optimize a Press Release for Search
    • How to Distribute a Press Release
    • Find Your News Online
    • Sample Press Release
    • Features News Tips
    • International Media Tips
    • SEC Regulations
    • Exchange Guidelines
    • White Papers
    • Webinars & Podcasts
    • Get WiredIn!
  • About Us
    • Business Wire Newsroom
    • Contact Us
    • History
    • Jobs
  • About Us
  • Contact Us
  • Site Map
  • Privacy Statement
  • Terms of Use
  • ©2012 Business Wire

More Business Wire sites

  • Canada
  • UK/Ireland
  • Deutschland
  • France
  • Italy
  • Japan
  • EON: Enhanced Online News
  • Tradeshownews.com
  • PYMNTS.com

About Us

  • Business Wire Newsroom
  • Contact Us
  • Business Wired blog

News on BusinessWire.com

  • All News
  • RSS Feeds
  • Business Wire Mobile Apps

Follow Us on Twitter

  • @BusinessWire
  • @BWSportsWire
  • @BWPolitics
  • @BWCSRNews
  • @EONpr
  • @TradeshowNews
  • @BW_Canada
  • @BWIntlMedia
  • @BWInfoDiva
  • @BusinessWireFR

Like Us on Facebook

  • Business Wire
  • Tradeshow News