BOSTON--(BUSINESS WIRE)--State Street Global Advisors (SSGA), the asset management business of State Street Corporation (NYSE:STT), today announced plans to close and liquidate the following exchange traded funds based on an ongoing review of the SPDR ETF offering.
- SPDR Bloomberg Barclays 0-5 Year TIPS ETF (SIPE);
- SPDR EURO STOXX 50® Currency Hedged ETF (HFEZ);
- SPDR MSCI Australia StrategicFactorsSM ETF (QAUS);
- SPDR MSCI Spain StrategicFactorsSM ETF (QESP);
- SPDR S&P® Emerging Europe ETF (GUR);
- SPDR S&P Emerging Latin America ETF (GML);
- SPDR S&P Emerging Middle East & Africa ETF (GAF);
- SPDR S&P International Consumer Discretionary Sector ETF (IPD);
- SPDR S&P International Consumer Staples Sector ETF (IPS);
- SPDR S&P International Dividend Currency Hedged ETF (HDWX);
- SPDR S&P International Energy Sector ETF (IPW);
- SPDR S&P International Financial Sector ETF (IPF);
- SPDR S&P International Health Care Sector ETF (IRY);
- SPDR S&P International Industrial Sector ETF (IPN);
- SPDR S&P International Materials Sector ETF (IRV);
- SPDR S&P International Technology Sector ETF (IPK);
- SPDR S&P International Telecommunications Sector ETF (IST);
- SPDR S&P International Utilities Sector ETF (IPU);
- SPDR S&P Russia ETF (RBL).
The final day for creations will be July 24, 2017 with the exception of GUR, GML and GAF, for which the final day for creations will be July 21, 2017. Trading of all funds will be suspended on the NYSE Arca at the open of market on July 25, 2017, and proceeds of the liquidation are scheduled to be sent to shareholders on or about August 1, 2017. For additional information on the liquidation, shareholders of the funds can visit www.spdrs.com.
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 Corporation. 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
For nearly four decades, State Street Global Advisors has been committed to helping financial professionals and those who rely on them achieve their investment objectives. We partner with institutions and financial professionals to help them reach their goals through a rigorous, research-driven process spanning both active and index disciplines. We take pride in working closely with our clients to develop precise investment strategies, including our pioneering family of SPDR ETFs. With trillions* in assets under management, our scale and global footprint provide access to markets and asset classes, and allow us to deliver expert insights and investment solutions.
State Street Global Advisors is the investment management arm of State Street Corporation.
*Assets under management were $2.56 trillion as of March 31, 2017. AUM reflects approx. $33.33 billion (as of March 31, 2017) with respect to which State Street Global Advisors Funds Distributors, LLC (SSGA FD) serves as marketing agent; SSGA FD and State Street Global Advisors are affiliated.
Important Risk Information:
Investing involves risk including the risk of loss of principal.
The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without SSGA's express written consent.
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.
Standard & Poor’s, S&P and SPDR are registered trademarks of Standard & Poor’s Financial Services LLC (S&P); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones); and these trademarks have been licensed for use by S&P Dow Jones Indices LLC (SPDJI) and sublicensed for certain purposes by State Street Corporation. State Street Corporation’s financial products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and third party licensors and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability in relation thereto, including for any errors, omissions, or interruptions of any index.
Distributor: State Street Global Advisors Funds Distributors, LLC, member FINRA, SIPC, an indirect 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.
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.
State Street Corporation, One Lincoln Street, Boston, MA 02111-2900.
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