This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

State Street Global Advisors Launches Pair Of SPDR® Tilt ETFs

State Street Global Advisors (SSgA)*, the asset management business of State Street Corporation (NYSE: STT), today announced that the SPDR S&P 1500 Value Tilt ETF (Symbol: VLU) and the SPDR S&P 1500 Momentum Tilt ETF (Symbol: MMTM) began trading on the NYSE Arca on October 25, 2012. The new SPDR ETFs offer investors an opportunity to access potential sources of outperformance with advanced indexing methodologies that reconfigure how index components are weighted.

The SPDR S&P 1500 Value Tilt ETF seeks to track the performance of the S&P 1500 Low Valuation Tilt Index. The Index applies an alternative weighting methodology to the S&P 1500 Index so that stocks with relatively low valuations are overweight relative to the S&P 1500 Index and stocks with relatively high valuations are underweight. In constructing the Index, Standard & Poor’s, Inc. estimates the valuation of each stock in the S&P 1500 Index based on the ratio of its price to its level of earnings, cash flow, sales, book value, and dividends.

The weight of each stock in the Index is proportionate to its market capitalization and sub-portfolio allocation. The Index is rebalanced annually, and as of 9/30/12 it included approximately 1,472 securities. The SPDR S&P 1500 Value Tilt ETF’s expense ratio is 0.35 percent.

“Providing advisors and investors with unique opportunities to take advantage of sources of outperformance relative to standard cap-weighted indexes and combining the advantages of value and momentum tilt investing with the benefits of exchange traded funds, our new SPDR Tilt ETFs further illustrate the growing popularity of advanced beta investment strategies,” said James Ross, senior managing director and global head of SPDR Exchange Traded Funds and head of Intermediary Distribution at State Street Global Advisors. “We have strong expertise in the advanced beta space which we define as an objective, consistent, transparent process for capturing some investment exposure, while retaining the benefits of traditional indexing.”

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs