State Street Global Advisors

State Street Global Advisors Expands Real Estate Offering with New ETF

State Street Global Advisors (SSGA), the asset management arm of State Street Corporation (NYSE: STT), today announced the launch of the SPDR FTSE EPRA Europe ex UK Real Estate UCITS Exchange-Traded Fund (ETF). The fund, which listed on the Deutsche Börse, Xetra today, tracks the FTSE EPRA/NAREIT Developed Europe ex UK Index.

The index is a subset of the FTSE EPRA/NAREIT Developed Index (Global) and tracks the performance of listed real estate operating companies (REOCs) and real estate investment trusts (REITs) in Europe.

Alexis Marinof, head of SPDR ETFs for Europe, Middle East and Africa (EMEA) commented, “With extensive quantitative easing still in place in Europe, many investors are turning to the steady income, potential for inflation protection, and diversification that an investment in real estate can offer.

“Our fund provides investors with cost-efficient, liquid access to a diversified, core real estate allocation, in what is generally a difficult-to-access market segment.”

Sudir Raju, managing director, Exchange Traded Product (ETP) Relationships at FTSE Russell said, “As investors continue to diversify their exposure to high yielding asset classes, listed real estate remains an attractive source of income.”

“The FTSE EPRA/NAREIT indexes are seen as the standard industry benchmarks and act as a clear proxy for the direct real estate market. We are delighted to license the FTSE EPRA/NAREIT Developed Europe ex UK Index to SSGA as the underlying benchmark for its new European ETF.”

There are now 75 SPDR ETFs available across Europe. The launch of the SPDR FTSE EPRA follows the launch of nine US sector equity ETFs in July this year. The fund adds to SSGA’s existing real estate offering, which includes the SPDR Dow Jones Global Real Estate UCITS ETF.

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