State Street Global Advisors Launches Pair Of SPDR® Tilt ETFs
The SPDR S&P 1500 Momentum Tilt ETF seeks to track the performance of the S&P 1500 Positive Momentum Tilt Index. The Index applies an alternative weighting methodology to the S&P 1500 Index so that stocks with relatively high momentum are overweight relative to the S&P 1500 Index and stocks with relatively low momentum are underweight. In constructing the Index, Standard & Poor’s, Inc. estimates the momentum of each stock in the S&P 1500 Index based on its price performance over the 11 months ending one month before the index rebalancing date, and ranks all 1,500 Index constituents in order of momentum.
The weight of each stock in the Index is proportionate to its market capitalization and sub-portfolio allocation. The Index is rebalanced quarterly, and as of 9/30/12, included approximately 1,491 securities. The SPDR S&P 1500 Momentum Tilt ETF’s expense ratio is 0.35 percent.
“The launch of the SPDR S&P 1500 Value Tilt ETF and the SPDR S&P 1500 Momentum Tilt ETF build on SSgA’s long-standing expertise in managing both traditional and non-traditional index strategies and underscore our commitment to developing innovative ETFs that further expand the investment solutions toolkit for clients of every size,” Ross continued.
State Street manages more than $337** billion in SPDR ETF assets worldwide (as of September 30, 2012) and is one of the largest ETF providers globally.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 Bank and Trust Company. The funds 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 Corporation, one of the world’s leading providers of financial services to institutional investors.
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