State Street Global Advisors Unveils Two Emerging Markets SPDR® Exchange Traded Funds

Thursday, February 24, 2011 11:06 am EST

Dateline:

BOSTON

Public Company Information:

NYSE:
STT
US8574771031
"Against a backdrop of historically low Treasury yields, demand for precise exposure to innovative debt and dividend instruments is climbing"

BOSTON--(BUSINESS WIRE)--State Street Global Advisors (SSgA)*, the asset management business of State Street Corporation (NYSE: STT), today announced that the SPDR® S&P® Emerging Markets Dividend ETF (Symbol: EDIV) and the SPDR Barclays Capital Emerging Markets Local Bond ETF (Symbol: EBND) began trading on the NYSE Arca on February 24, 2011. The addition of these two exchange traded funds (ETFs) strengthens State Street’s family of emerging markets SPDR ETFs.

“Against a backdrop of historically low Treasury yields, demand for precise exposure to innovative debt and dividend instruments is climbing,” said James Ross, senior managing director and global head of SPDR Exchange Traded Funds at State Street Global Advisors. “The launch of the SPDR S&P Emerging Markets Dividend ETF and SPDR Barclays Capital Emerging Markets Local Bond ETF helps to underscore the evolution of views on diversification – investors no longer see emerging markets as a single, uniform asset class.”

The SPDR S&P Emerging Markets Dividend ETF is designed to track the performance of the S&P Emerging Markets Dividend Opportunities Index. The Index is comprised of 100 of the highest yielding emerging markets stocks, based on market capitalization, in the S&P Dividend Opportunities family of indices. Constituents include publicly traded companies with market capitalizations of at least $1 billion (float-adjusted market cap of $300 million). The SPDR S&P Emerging Markets Dividend ETF’s expense ratio is 0.59%.

The SPDR Barclays Capital Emerging Markets Local Bond ETF is designed to track the price and yield performance of the Barclays Capital EM Local Currency Government Diversified Index. The Index includes government bonds issued by countries outside of the United States, in local currencies, that have a remaining maturity of one year or more and are rated B3/B-/B- or higher using the middle of Moody’s Investor Service, Inc., Standard & Poor’s, Inc. and Fitch, Inc. respectively. Each of the component securities in the Index is a constituent of the Barclays Capital EM Local Currency Government Diversified Index. The SPDR Barclays Capital Emerging Markets Local Bond ETF’s expense ratio is 0.5%.

State Street manages $255 billion** in SPDR ETF assets worldwide (as of December 31, 2010) and is one of the largest ETF providers in the US and globally.

About SPDR Exchange Traded Funds

SPDR ETFs are a comprehensive family spanning an array of international and domestic asset classes. SPDR ETFs provide professional investors with the flexibility to select investments that are precisely aligned to their investment strategy. Recognized as the industry pioneer, State Street created the first ETF in 1993 (SPDR S&P 500 – Ticker SPY). Since then, we’ve sustained our place as an industry innovator through 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, one of the world’s leading providers of financial services to institutional investors.

*SPDR ETFs are managed by SSgA Funds Management, Inc., a registered investment adviser and wholly owned subsidiary of State Street Bank & Trust Company.

**Source: State Street Global ETF Strategy & Research. This AUM includes the assets of the SPDR Gold Trust (approx. $56 billion as of December 31, 2010) for which State Street Global Markets, LLC, and affiliate of State Street Global Advisors serves as the marketing agent.

Important Risk Information:

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.

Bond funds contain interest rate risk (as interest rates rise bond prices usually fall); the risk of issuer default; issuer credit risk; liquidity risk; and inflation risk.

Foreign investments involve greater risks than U.S. investments, including political and economic risks and the risk of currency fluctuations, all of which may be magnified in emerging markets.

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.

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.

CORP-0293

Contact:

State Street
Marie McGehee, + 1-617-664-1898
or
River Communications
Troy Mayclim, 914-686-5599

Media Contacts

Contact a member of the State Street Media Relations Team.

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