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Products November 16, 2006
State Street Unveils Two ETFs
State Street Global Advisors (SSgA), on Tuesday announced that it had launched two international exchange-traded funds (ETFs) on the American Stock Exchange.
Reported by Fred Schneyer
The ETFs include two Japan-focused funds based upon indices created by the Russell Investment Group and Nomura Securities Co., Ltd. The ETFs include:
- streetTRACKS Russell/Nomura Prime JAPAN ETF, which focuses on the broad Japanese stock market and measures the performance ofJapan‘s 1,000 largest stocks. The index offers investors one of the most comprehensive benchmarks available for the Japanese market, SSgA claimed.
- streetTRACKS Russell/Nomura Small Cap Japan ETF, which tracks the smallest 15% of companies in the Japanese stock market.
“These new ETFs add to our collection of international funds and enable investors to better access the Japanese market, a global economic powerhouse second in size only to theUSmarket,” said James Ross, senior managing director of State Street Global Advisors.
State Street has approximately $110 billion in ETF assets under management. More information is at www.ssga.com.
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