Update : Mar. 24, 2011
[Tokyo Stock Exchange, Inc.]
Tokyo - March 24, 2011 - State Street Global Advisors (Japan) Co., Ltd. (SSgA Japan) and Tokyo Stock Exchange, Inc. (TSE) today announced that the SPDR® S&P500® Exchange Traded Fund (ETF) (code: 1557) began trading on the TSE on Thursday, March 24th. The first ETF in the world and created in 1993, the original SPDR ETF is the world's largest ETF by net asset value. The fund is currently listed on the NYSE Arca and the Singapore Exchange.
The underlying S&P500® index consists of 500 large-cap equities listed on NYSE and NASDAQ and accounts for approximately two-thirds of the market capitalization in the US. The index is also a component of the leading economic indicators released by the United States Department of Commerce.
Mr. Koji Yamamoto, President and Representative Director of SSgA Japan said "We are hopeful that the cross-listing of the original SPDR ETF on the TSE will further increase awareness of ETFs in the investment community and create new opportunities for Japanese investors."
Mr. Atsushi Saito, President and CEO of the TSE, commented "We are very proud to be listing the SPDR® S&P®500 ETF on the Tokyo Stock Exchange. As part of the TSE's continued effort to invigorate the ETF market in Japan, we are optimistic that the listing of the industry's first ETF, the SPDR®S&P®500 ETF, will further boost the Tokyo market."
About State Street Global Advisors
State Street Global Advisors (SSgA) is a global leader in asset management. The firm is relied on by sophisticated investors worldwide for its disciplined investment process, powerful global investment platform and access to every major asset class, capitalization range and style. SSgA is the asset management business of State Street, one of the world's leading providers of financial services to institutional investors.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors, including investment management, investment research and trading and investment servicing. With $21.5 trillion in assets under custody and administration and $2 trillion* in assets under management at December 31, 2010, State Street operates in 26 countries and more than 100 geographic markets worldwide. For more information, visit State Street's website at www.statestreet.com.
*This AUM includes the assets of the SPDR Gold Trust (approx. $56 billion as of December 31, 2010) for which State Street Global Markets, LLC, and affiliate of State Street Global Advisors serves as the marketing agent.
About Tokyo Stock Exchange
Tokyo Stock Exchange, Inc. (TSE) is one of the leading global exchanges and the largest securities market in the Asia-Pacific region. TSE is best known for its massive equities market, valued at JPY323 trillion (as at end of February 2011) and it also boasts the largest market for Japanese securities derivatives such as TOPIX futures and TOPIX options. Besides its dynamic market, TSE also calculates and publishes Japan's most comprehensive family of indices. Among these is TOPIX (Tokyo Stock Price Index), the main index composed of all Japanese common stocks listed on the TSE First Section, which is widely used as a benchmark for the Japanese stock market.
Please refer to the pages below.
This news release is for informational purpose only and does not constitute the solicitation of any transaction of the securities.
ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.
+81 (3) 4530-7487
Tokyo Stock Exchange, Inc.
Product Development Group, Listing Department
+81 (3) 3665-1947, +81 (3) 3665-2643