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Products February 4, 2001
State Street To Debut Eight Index Funds
April 14, 2000 (PLANSPONSOR.com) - State Street
Global Advisors has filed to launch eight new exchange-traded
index funds sometime within the next two months. The funds
cover communications hardware, Internet, global equity, and
mainstream domestic equity universes.
Reported by editors@plansponsor.com
A registration statement filed with the US Securities & Exchange Commission lists four SSgA Dow Jones index funds covering US domestic large and small cap growth and value.
The other four funds listed are:
– SSgA Dow Jones Global Titans Index Fund, tracking an index of the fifty biggest multi-national corporations domiciled in the US, Europe and Asia
– SSgA Wilshire REIT Index Fund, tracking real estate investment trusts
– SSgA Morgan Stanley High-tech 35 Index Fund, following communication hardware companies
– SSgA Morgan Stanley Internet Index Fund, covering companies providing the basics of Internet usage like e-commerce and venture capital.
State Street spokesperson Liz Kennedy explained that the firm’s filing is in a “silent period.” They cannot reveal the exact launch date or the exchange(s) upon which the funds will trade. SsgA is a Boston-based unit of State Street Corporation .
– Ann Bidou editors@plansponsor.com