Products March 19, 2008

First International Inflation-Protected Bond ETF Launched by SSgA

March 19, 2008 (PLANSPONSOR.com) - State Street Global Advisors (SSgA), the investment management arm of State Street Corporation announced that the SPDR DB International Government Inflation-Protected Bond ETF (Ticker: WIP) began trading on the American Stock Exchange (Amex) on Wednesday.
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The SPDR DB International Government Inflation-Protected Bond ETF seeks to track the DB Global Government ex-US Inflation-Linked Bond Capped Index, which includes 120 inflation-indexed bonds from 18 developed and emerging countries outside of the US, the announcement said. To be included in the Index, bonds must be capital-indexed and linked to an eligible inflation index; have at least one year remaining to maturity at the Index rebalancing date; have a fixed, step-up, or zero notional coupon; and settle on or before the Index rebalancing date. 

The Fund’s expense ratio is 0.50%.

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“Demand for international inflation-linked bond exposure has increased significantly in recent years as investors look to improve the risk-return profile of their portfolios by hedging against inflation and US dollar exposure while improving diversification,” said James Ross, senior managing director at State Street, in the announcement.

More information is at www.ssga.com .

Products March 18, 2008

JennisonDryden Launches New Long/Short Strategy Fund

March 18, 2008 (PLANSPONSOR.com) - JennisonDryden Mutual Funds, the proprietary mutual fund family of Prudential Financial Inc., announced that it has recently launched the Dryden US Equity Active Extension Fund (Ticker: DUEAX), managed by Quantitative Management Associates (QMA).
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According to the announcement, QMA employs its core equity strategy to create a portfolio of growth and value stocks. Then, through a flexible active extension strategy, the fund managers use the proceeds of short sales of stocks they deem unattractive to purchase additional long positions in more attractive stocks. QMA’s quantitative model involves analyzing more than 3,000 U.S. stocks each day.

The fund seeks to provide investors with returns that exceed the Russell 1000 Index, which is composed of large capitalization stocks and represents more than 90% of the U.S. market, the announcement said.

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More information can be found at www.jennisondryden.com .

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