State Street Rolls Out Emerging Market, All World ETFs

The two new products, the SPDR MSCI EM 50 and SPDR MSCI ACWI IMI ETFs, give investors more choices in their global-investing universe

State Street Global Advisors added the SPDR MSCI EM 50 ETF (EMFT) and the SPDR MSCI ACWI IMI ETF (ACIM) to its ETF lineup earlier this week.

EMFT is linked to the MSCI EM 50 Index, which is market cap weighted and holds the 50 largest stocks within the broader MSCI Emerging Markets Index. The fund’s annual expense ratio is 0.50%.

"Against a backdrop of a reduction in emerging market equity values in 2011, the asset class now offers a more attractive entry," said James Ross, senior managing director and global head of SPDR Exchange Traded Funds at State Street Global Advisors, in a press release. "The launch of the SPDR MSCI EM 50 ETF enhances our emerging market SPDR ETF offering and provides investors with very precise access to a well-established index."

ACIM follows the MSCI All Country World Investable Market Index, which captures up to 98% of the developed and emerging investable market universe. As of December 31, 2011, the Index was comprised of 8,920 publicly traded securities across 45 countries. ACIM has an annual expense ratio of 0.25 percent.

“The SPDR MSCI ACWI IMI ETF provides investors with an opportunity to capture the global equity investment opportunity set in a single trade,” shared Ross. “As awareness of the benefits of reducing home country bias in a portfolio grows, global equity is increasingly viewed as a single, core asset class.”

ACIM follows the MSCI All Country World Investable Market Index, which captures up to 98% of the developed and emerging investable market universe. As of December 31, 2011, the index was comprised of 8,920 publicly traded securities across 45 countries. ACIM has an annual expense ratio of 0.25%.

“The SPDR MSCI ACWI IMI ETF provides investors with an opportunity to capture the global equity investment opportunity set in a single trade,” added Ross.  “As awareness of the benefits of reducing home country bias in a portfolio grows, global equity is increasingly viewed as a single, core asset class.”

At the end of January 2012, State Street managed $287.59 billion in 107exchange-traded products.

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