SPDR SM DJ Wilshire International Real Estate ETF Assets Reach $500 Million in Three Months

BOSTON--(BUSINESS WIRE)--State Street Global Advisors (SSgA)*, the investment management arm of State Street Corporation (NYSE: STT), today announced that assets in the SPDR ^SM DJ Wilshire International Real Estate ETF (AMEX: RWX) have reached $500 million. It is the first ETF to provide investors with access to global real estate securities publicly-traded outside the US.

“As investors increasingly look toward real estate securities globally to diversify their equity portfolios, they require more sophisticated risk measurement tools to benchmark their returns”

“A number of catalysts appear to be driving investor demand for international real estate exposure, including a very low correlation to the broader US and international equity markets,” said James Ross, senior managing director of SSgA. “The significant inflows into the SPDR DJ Wilshire International Real Estate RWX ETF indicate that investors have quickly embraced this offering as a vehicle to gain more precise exposure to the global markets.”

Launched on December 19, 2006, the SPDR ^SM DJ Wilshire International Real Estate ETF has emerged as the fastest growing ETF listed in the US during the past six months. As of March 7, assets under management in the fund totaled approximately $500 million.**

“As investors increasingly look toward real estate securities globally to diversify their equity portfolios, they require more sophisticated risk measurement tools to benchmark their returns,” said Michael A. Petronella, president of Dow Jones Indexes/Ventures. “The Dow Jones Wilshire Global Real Estate Indexes were launched in 2006 to meet this demand, particularly as more institutional and individual investors seek exposure to REITs and real estate operating companies outside the US.”

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.

*The Funds are advised by SSgA Funds Management Inc., a registered investment adviser and a wholly owned subsidiary of SSgA.

** Source: SSgA Strategy & Research as of March 7, 2007

ETFs trade like a stock and are subject to market risk.

Foreign investments involve greater risks than US 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.

Dow Jones Wilshire exUS RESI^SM is an index designed to provide measures of non-US 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 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 use by State Street Bank and Trust Company. 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.

The “SPDRs ^SM” 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.

Distributor: State Street Global Markets, LLC, member NASD, SIPC.

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