Products June 22, 2007

State Street Offers BRIC ETF

State Street Global Advisors has announced the launch of the SPDR S&P BRIC 40 ETF (exchange-traded fund), giving investors access to companies in Brazil, Russia, India and China.
Reported by
According to the announcement, the new fund seeks to track the S&P BRIC 40 index – the dominant BRIC benchmark for institutional mandates – and includes 40 leading companies, representing the largest and most liquid securities in Brazil, Russia, India, and China. All index holdings trade in developed market exchanges (Hong Kong Stock Exchange, London Stock Exchange, NASDAQ, and NYSE).
The SPDR S&P BRIC 40 ETF will have an annual expense ratio of .40%, the announcement said. The fund will begin trading on the American Stock Exchange on June 22.
“The launch of SPDR S&P BRIC 40 ETF reflects the significant interest that we are seeing from financial advisers and institutional investors in this particular segment of emerging markets,” said James Ross, senior managing director of State Street Global Advisors, in the announcement.
More information is at www.ssga.com.
Products June 22, 2007

Online 401(k) Links With Payroll Provider

The Online 401(k) has joined forces with Expedition Payroll to allow the payroll provider to offer integrated 401(k) and payroll packages.
Reported by
A news release from The Online 401(k) said the firms joined forces to give small businesses access to a bundled payroll and 401(k) solution from independent providers.
“Expedition Payroll directly complements the way that The Online 401(k) works and gives small businesses the best of both worlds: A comprehensive solution previously available only from large organizations, with the personalized attention of a small firm, ” said Chad Parks, CEO of the San Francisco-based The Online 401(k), in the release.
For more information go to www.theonline401k.com/go/expedition.

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