BOSTON and LONDON--(BUSINESS WIRE)--May 8, 2006--
Service and Support, Brand Recognition and Product
Innovation Honoured
State Street Global Advisors (SSgA), the investment management arm
of State Street Corporation (NYSE: STT) and the largest institutional
fund manager in the world, announced today that it has received top
accolades in the 2006 Global ETF Awards(R), sponsored by
Exchangedtradedfunds.com and International Fund Investment (IFI)
publications.
State Street Global Advisors garnered praise for "Most Recognized
ETF Brand" for the Asia-Pacific region. Also, for the second
consecutive year, State Street Bank and Trust was named "Best Service
Provider" of operational support to ETFs in Asia-Pacific and Europe.
"This recognition underscores our commitment to providing superior
service and creating innovative investment solutions to our clients in
Europe and Asia," said James Ross, senior managing director of ETFs at
State Street Global Advisors. "Our position as an innovator and key
provider of these increasingly attractive investment vehicles, coupled
with our highly skilled team of professionals, enables us to provide
our ETF clients with the level of service that they've come to
expect."
Several other SSgA ETFs won awards in a variety of categories.
streetTRACKS Gold Shares (GLD), an ETF which SSgA launched with the
World Gold Council, was named "Most Innovative ETF" in Africa.
The Standard & Poor's Depositary Receipts (SPDR), was named "Most
Recognized ETF Brand" in The Americas, while the SPDR S&P 500 ETF won
the category for "Most Liquid." The China 50 ETF, a collaboration
between SSgA and China Asset Management, was honored as "Most
Innovative ETF" in Asia-Pacific. The Tracker Fund of Hong Kong
(TraHK), managed by State Street Global Advisors Asia Ltd, was named
"ETF With Most Efficient Total Expense Ratio" for the Asia-Pacific
region.
This year, more than 360 institutions from around the world cast
votes for the top service providers for ETFs. The complete list of
award recipients is available at www.exchangetradedfunds.com.
State Street Global Advisors currently has more than $94 billion
in ETF assets under management worldwide and is one of the largest
providers in the U.S. and globally, with a more than 19 percent market
share.(a) SSgA continues to experience significant demand for these
investment strategies throughout Europe and Asia, and today manages a
total of 59 ETFs worldwide.
In partnership with the Amex, State Street introduced the first
and world's largest ETF, the SPDR, in 1993. With a steadfast
commitment to the business, SSgA launched 12 new ETFs worldwide last
year and is focused on continually building its presence in the ETF
space.
About State Street Global Advisors
State Street Global Advisors, the investment management group of
State Street Corporation, delivers investment strategies and
integrated solutions to clients worldwide across every asset class,
investment approach and style. With $1.5 trillion in investment
programs and portfolios (as of March 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. For more information, visit State
Street Global Advisors at www.ssga.com.
(a) Source: SSgA Advisor Consulting Services as of April 31, 2006
ETFs trade like a stock and are subject to market risk. An
investor should consider the investment objectives, risks, charges,
and expenses carefully before investing. To obtain a prospectus, which
contains this and other information about the funds, visit
(www.advisors.ssga.com/etf). Please read the prospectus carefully
before investing.
CONTACT: State Street CorporationArlene Roberts, 617-664-3933
SOURCE: State Street Corporation