State Street Global Advisors Enhances Lineup With Three New SPDR® ETFs
State Street Global Advisors, part of State Street (NYSE: STT), has launched three new ETFs to expand investment options for clients:
1. SPDR SSGA US Equity Premium Income ETF (SPIN): An actively managed ETF designed to enhance income through a dynamic call writing program while maintaining potential for long-term capital growth. Priced at 25 basis points.
2. SPDR S&P Emerging Markets ex-China ETF (XCNY): Tracks a market cap-weighted index of emerging market companies, excluding China. Priced at 15 basis points, the lowest-cost fund in its category.
3. SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY): Seeks to track the Bloomberg Enhanced Roll Yield Total Return Index, offering broad commodities exposure with a focus on diversification and enhanced roll yields.
These new ETFs aim to help investors capture opportunities, manage risk, and customize their portfolios more effectively.
State Street Global Advisors, parte di State Street (NYSE: STT), ha lanciato tre nuovi ETF per ampliare le opzioni di investimento per i clienti:
1. SPDR SSGA US Equity Premium Income ETF (SPIN): Un ETF gestito attivamente progettato per aumentare il reddito tramite un programma dinamico di scrittura di opzioni, mantenendo al contempo il potenziale di crescita del capitale a lungo termine. Prezzo di 25 punti base.
2. SPDR S&P Emerging Markets ex-China ETF (XCNY): Traccia un indice ponderato per capitalizzazione di mercato delle società dei mercati emergenti, escludendo la Cina. Prezzo di 15 punti base, il fondo a costo più basso nella sua categoria.
3. SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY): Mira a seguire l'Indice Bloomberg Enhanced Roll Yield Total Return, offrendo una vasta esposizione alle materie prime con un focus sulla diversificazione e rendimenti aumentati della roll yield.
Questi nuovi ETF mirano ad aiutare gli investitori a cogliere opportunità, gestire il rischio e personalizzare i propri portafogli in modo più efficace.
State Street Global Advisors, parte de State Street (NYSE: STT), ha lanzado tres nuevos ETF para ampliar las opciones de inversión para los clientes:
1. SPDR SSGA US Equity Premium Income ETF (SPIN): Un ETF gestionado activamente diseñado para aumentar los ingresos a través de un programa dinámico de escritura de opciones, manteniendo al mismo tiempo potencial de crecimiento de capital a largo plazo. Precio de 25 puntos básicos.
2. SPDR S&P Emerging Markets ex-China ETF (XCNY): Sigue un índice ponderado por capitalización de mercado de empresas de mercados emergentes, excluyendo a China. Precio de 15 puntos básicos, el fondo de menor costo en su categoría.
3. SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY): Busca seguir el Índice de Retorno Total de Roll Yield Mejorado de Bloomberg, ofreciendo una amplia exposición a materias primas con un enfoque en diversificación y mayores rendimientos de roll yield.
Estos nuevos ETF tienen como objetivo ayudar a los inversores a capturar oportunidades, gestionar riesgos y personalizar sus carteras de manera más efectiva.
State Street Global Advisors는 State Street의 일부 (NYSE: STT)로써 고객의 투자 옵션을 확대하기 위해 세 가지 새로운 ETF를 출시했습니다:
1. SPDR SSGA US Equity Premium Income ETF (SPIN): 수익성을 증대시키기 위해 동적인 콜 쓰기 프로그램을 통해 장기 자본 성장을 유지하는 것을 목표로 하는 능동적으로 관리되는 ETF입니다. 25bps의 가격으로 제공됩니다.
2. SPDR S&P Emerging Markets ex-China ETF (XCNY): 중국을 제외한 신흥 시장 기업들의 시장 가치 가중 지수를 추적합니다. 가격은 15bps로, 해당 카테고리에서 가장 저렴한 비용의 펀드입니다.
3. SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY): 블룸버그 Enhanced Roll Yield Total Return Index를 추적하려고 하며, 다양성과 향상된 롤 수익률에 중점을 두어 광범위한 상품에 대한 노출을 제공합니다.
이 새로운 ETF들은 투자자들이 기회를 포착하고, 위험을 관리하며, 포트폴리오를 보다 효과적으로 맞춤화할 수 있도록 돕는 것을 목표로 하고 있습니다.
State Street Global Advisors, une filiale de State Street (NYSE: STT), a lancé trois nouveaux ETF pour élargir les choix d'investissement pour ses clients :
1. SPDR SSGA US Equity Premium Income ETF (SPIN): Un ETF géré activement conçu pour améliorer le revenu grâce à un programme dynamique d'écriture d'options tout en maintenant le potentiel de croissance du capital à long terme. Tarif de 25 points de base.
2. SPDR S&P Emerging Markets ex-China ETF (XCNY): Suit un indice pondéré par la capitalisation boursière d'entreprises des marchés émergents, à l'exclusion de la Chine. Tarif de 15 points de base, le fonds à moindre coût dans sa catégorie.
3. SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY): Vise à suivre l'indice Bloomberg Enhanced Roll Yield Total Return, offrant une large exposition aux matières premières en mettant l'accent sur la diversification et des rendements de type roll yield améliorés.
Ces nouveaux ETF visent à aider les investisseurs à saisir des opportunités, à gérer les risques et à personnaliser leurs portefeuilles de manière plus efficace.
State Street Global Advisors, Teil von State Street (NYSE: STT), hat drei neue ETFs eingeführt, um die Investmentmöglichkeiten für Kunden zu erweitern:
1. SPDR SSGA US Equity Premium Income ETF (SPIN): Ein aktiv verwalteter ETF, der darauf abzielt, das Einkommen durch ein dynamisches Call-Writing-Programm zu steigern und gleichzeitig das Potenzial für langfristiges Kapitalwachstum zu erhalten. Preis von 25 Basispunkten.
2. SPDR S&P Emerging Markets ex-China ETF (XCNY): Verfolgt einen marktkapitalisierungsgewichteten Index von Unternehmen in den Schwellenländern, ausgenommen China. Preis von 15 Basispunkten, der kostengünstigste Fonds seiner Kategorie.
3. SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY): Zielt darauf ab, den Bloomberg Enhanced Roll Yield Total Return Index nachzubilden, der eine breite Rohstoffaussetzung bietet, mit einem Fokus auf Diversifikation und erhöhten Rollrenditen.
Diese neuen ETFs sollen Investoren helfen, Chancen zu nutzen, Risiken zu managen und ihre Portfolios effektiver anzupassen.
- Launch of three new ETFs expands investment options for clients
- SPIN offers enhanced income potential through call writing while maintaining growth prospects
- XCNY provides emerging markets exposure excluding China at the lowest cost in its category (15 basis points)
- CERY offers broad commodities exposure with potential for reduced rollover costs and inflation hedging
- None.
Insights
State Street's launch of three new ETFs demonstrates a strategic move to diversify their product offerings and cater to evolving investor needs. The SPIN ETF, focusing on income generation through a call writing strategy, could attract yield-seeking investors in the current high-interest rate environment. With a competitive
The XCNY ETF, offering emerging markets exposure excluding China at a low
The CERY ETF, targeting enhanced commodity exposure, addresses the growing interest in inflation hedges and portfolio diversification. By focusing on roll yield optimization, it aims to tackle a key challenge in commodity investing, potentially improving returns for investors seeking commodities exposure.
State Street's new ETF lineup reflects key market trends and investor demands. The income-focused SPIN ETF aligns with the growing appetite for yield in a high-interest rate environment, while potentially offering downside protection through its options strategy. This could attract both conservative income seekers and those looking to reduce portfolio volatility.
The XCNY ETF is a timely offering given the increasing investor concern over China's economic slowdown and regulatory risks. By providing a way to access emerging markets growth without Chinese exposure, State Street is tapping into a niche but potentially significant market segment. The fund's ultra-low fee structure at
CERY's focus on enhanced commodity exposure through roll yield optimization addresses a sophisticated investment need, potentially appealing to institutional investors and advisors looking for more efficient commodity exposure in inflationary environments.
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Providing Access to Derivative Income, Emerging Markets ex-
China and Commodities, SPIN, XCNY and CERY Are Designed to Help Investors Customize Portfolios
“As investors increasingly turn to ETFs to optimize their portfolios, we’re excited to be expanding our SPDR ETF offering to help them create better outcomes,” said Anna Paglia, Chief Business Officer at State Street Global Advisors. “SPIN, XCNY, and CERY were each developed to expand the range of investment options that can be expressed by clients who are looking for innovative tools to fine-tune their portfolios and better meet their investment objectives.”
The SPDR SSGA US Equity Premium Income ETF (SPIN) is an actively managed ETF that is designed to enhance income generation through a dynamic call writing program while also maintaining the potential for long-term growth of capital by constructing an underlying portfolio of high quality large- and mid-cap US stocks that exhibit strong fundamentals and long-term growth prospects. Priced at 25 basis points, SPIN may be a compelling offer for investors seeking enhanced income.
The SPDR S&P Emerging Markets ex-China ETF (XCNY) seeks to track a market capitalization-weighted index of large-, mid-, and small-cap emerging market companies that excludes companies domiciled in
The SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) seeks to track the total return performance of the Bloomberg Enhanced Roll Yield Total Return Index. Designed to provide broad commodities market exposure with a focus on diversification and enhanced roll yields, CERY may potentially reduce the costs associated with rolling over commodity futures contracts while providing the potential diversification and inflation-hedging benefits of the asset class.
For more information on these SPDR ETFs visit www.ssga.com.
About State Street Global Advisors
For four decades, State Street Global Advisors has served the world’s governments, institutions, and financial advisors. With a rigorous, risk-aware approach built on research, analysis, and market-tested experience, we build from a breadth of index and active strategies to create cost-effective solutions. As pioneers in index and ETF investing, we are always inventing new ways to invest. As a result, we have become the world’s fourth-largest asset manager* with US
*Pensions & Investments Research Center, as of 12/31/23.
†This figure is presented as of June 30, 2024 and includes ETF AUM of
1 Morningstar, as of 09/05/2024. Based on 17 US-domiciled funds in the category of US Diversified Emerging Markets and name containing ‘ex-China.’
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Investing involves risk of including the risk of loss of principal.
The information provided does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon. You should consult your tax and financial advisor.
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This communication is not intended to promote or recommend the use of options or options trading strategies and should not be relied upon as such.
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.
While the shares of ETFs are tradable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress.
Actively managed funds, like SPIN, do not seek to replicate the performance of a specified index. An actively managed fund may underperform its benchmark. An investment in the fund is not appropriate for all investors and is not intended to be a complete investment program. Investing in the fund involves risks, including the risk that investors may receive little or no return on the investment or that investors may lose part or even all of the investment.
Equity securities may fluctuate in value and can decline significantly in response to the activities of individual companies and general market and economic conditions.
Foreign (non-
Non-diversified funds that focus on a relatively small number of stocks tend to be more volatile than diversified funds and the market as a whole.
Options investing entails a high degree of risk and may not be appropriate for all investors. SPIN’s use of call options involves speculation and can lead to losses because of adverse movements in the price or value of the underlying stock, index, or other asset, which may be magnified by certain features of the options.
Passively managed funds, like CERY and XCNY, invest by sampling the index, holding a range of securities that, in the aggregate, approximates the full Index in terms of key risk factors and other characteristics. This may cause the fund to experience tracking errors relative to performance of the index.
Investing in commodities entails significant risk and is not appropriate for all investors. Commodities investing entails significant risk as commodity prices can be extremely volatile due to wide range of factors. A few such factors include overall market movements, real or perceived inflationary trends, commodity index volatility, international, economic and political changes, change in interest and currency exchange rates.
Commodities and commodity-index linked securities may be affected by changes in overall market movements, changes in interest rates, and other factors such as weather, disease, embargoes, or political and regulatory developments, as well as trading activity of speculators and arbitrageurs in the underlying commodities.
Investing in futures is highly risky. Futures positions are considered highly leveraged because the initial margins are significantly smaller than the cash value of the contracts. The smaller the value of the margin in comparison to the cash values of the futures contract, the higher the leverage. There are a number of risks associated with futures investing including but not limited to counterparty credit risk, basis risk, currency risk, derivatives risk, foreign issuer exposure risk, sector concentration risk, leveraging and liquidity risks.
Investing in swaps is highly risky. Swap contracts are not standardized, nor are they traded on an index. Rather, they are negotiated privately between the counterparties and are not settled by a centralized clearing-house. As such, swap contracts subject a party to significant counterparty risk. Swap positions are considered highly leveraged because the initial margins are significantly smaller than the notional value of the contracts. The smaller the value of the margin in comparison to the notional value of the swap contract, the higher the leverage. There are a number of risks associated with forward investing including but not limited to counterparty credit risk, currency risk, derivatives risk, foreign issuer exposure risk, sector concentration risk, leveraging and liquidity risks.
CERY seeks to achieve its investment objective primarily through exposure to commodity-linked derivative instruments based on the Fund’s benchmark index. The Fund expects to gain exposure to these investments by investing in a wholly-owned subsidiary, an exempted limited company organized under the laws of the
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Distributor: State Street Global Advisors Funds Distributors, LLC, member FINRA, SIPC, an indirect 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.
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Deborah Heindel
617-662-9927
dheindel@statestreet.com
Source: State Street Corporation
FAQ
What are the three new ETFs launched by State Street Global Advisors (STT)?
What is the expense ratio for the SPDR S&P Emerging Markets ex-China ETF (XCNY) by State Street (STT)?
How does the SPDR SSGA US Equity Premium Income ETF (SPIN) by State Street (STT) generate enhanced income?
What is the investment objective of the SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No K-1 ETF (CERY) by State Street (STT)?
