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State Street Global Advisors Announces New Benchmarks For Five SPDR® ETFs

Stocks in this article: KBE KCE KIE KME KRE STT

State Street Global Advisors (SSgA)*, the asset management business of State Street Corporation (NYSE: STT), today announced changes to the indices and names of five financial industry SPDR ETFs. Effective October 24, 2011, the five SPDR ETFs will seek to track S&P ® Select Industry Indices that provide access to the same market segments as funds’ current index and offer broader diversification and reduced concentration risk.

The changes will affect the following SPDR ETFs:

Current

           

New

 

ETF Name

     

Index

ETF Name

     

Index

 

SPDR KBW Bank ETF (KBE)

KBW Bank Index

SPDR S&P Bank ETF (KBE)

S&P Banks Select Industry Index

 

SPDR KBW Capital Markets ETF (KCE)

KBW Capital Markets Index

SPDR S&P Capital Markets ETF (KCE)

S&P Capital Markets Select Industry Index

 

SPDR KBW Insurance ETF (KIE)

KBW Insurance Index

SPDR S&P Insurance ETF (KIE)

S&P Insurance Select Industry Index

 

SPDR KBW Mortgage Finance ETF (KME)

KBW Mortgage Finance Index

SPDR S&P Mortgage Finance ETF (KME)

S&P Mortgage Finance Select Industry Index

 

SPDR KBW Regional Banking ETF (KRE)

KBW Regional Banking Index

SPDR S&P Regional Banking ETF (KRE)

S&P Regional Banks Select Industry Index

 

The funds’ ticker symbols and expense ratios will remain unchanged.

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