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State Street Global Advisors Launches First Low Carbon ETF

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State Street Global Advisors (SSGA), the asset management arm of State Street Corporation (NYSE:STT) , today announced the SPDR MSCI ACWI Low Carbon Target ETF (Symbol: LOWC) began trading on the NYSE Arca on November 26, 2014. Developed in conjunction with the United Nations Joint Staff Pension Fund (UNJSPF), LOWC is a new vehicle that seeks to provide access to the potentially long-term growth opportunities of companies that are carbon efficient while reducing exposure to assets vulnerable to the transition to a low carbon economy.

“In combining the advantages of low carbon investment exposure with the benefits of the ETF structure, LOWC offers a powerful value proposition for investors seeking to reduce their carbon risk exposure while maintaining the benefits of broad global diversification,” said Christopher McKnett, head of ESG Investments at State Street Global Advisors.

“The launch of LOWC is an exciting advance that improves access to the benefits of low carbon investing for all investors,” said James Ross, executive vice president and global head of SPDR Exchange Traded Funds. “We are proud to support the Secretary General and the United Nations Joint Staff Pension Fund in expanding the reach of low carbon initiatives.”

The SPDR MSCI ACWI Low Carbon Target ETF seeks to provide investment results that correspond generally to the total return performance of the MSCI ACWI Low Carbon Target Index, which is designed to address two dimensions of carbon exposure – carbon emissions and fossil fuel reserves expressed as potential emissions. The Index, which is a subset of the MSCI ACWI Index, overweights companies with low carbon emissions relative to sales and those with low fossil fuel reserves relative to market capitalization and seeks to achieve a target level of tracking relative to its parent index (the MSCI ACWI Index) while minimizing the carbon exposure. The SPDR MSCI ACWI Low Carbon Target ETF’s gross expense ratio is 0.30 percent1. SSgA has contractually agreed to waive its advisory fee and reimburse certain expenses until January 31, 2017, making the net expense ratio 0.20 percent2.

“We support the UNJSPF’s low carbon initiatives and are pleased that SSGA has selected the MSCI ACWI Low Carbon Target Index as a benchmark for their Low Carbon ETF,” said Remy Briand, Managing Director and Head of Equity Research at MSCI. “The MSCI ACWI Low Carbon Target Index combines MSCI’s quality index construction with our in-house environmental, social and governance (ESG) team’s unique data on carbon emissions and reserves.”

“At the UN Secretary-General’s Climate Summit on 23 September, world leaders in government, business, finance and civil society were called upon to initiate transformative action to reduce emissions and build resilience to the adverse impacts of climate change. The United Nations Joint Staff Pension Fund welcomes the creation of a new lower carbon index and related ETFs as a responsible approach to environmentally sustainable investing and a positive response to the Secretary-General’s call for action,” said Carol Boykin, CFA, Representative of the Secretary-General for the investment of the assets of the United Nations Joint Staff Pension Fund.

ESG investment strategies are one of the fastest growing segments of the asset management industry amid strong demand from institutional investors. According to a recent report from US SIF – the Forum for Sustainable and Responsible Investment, total US-domiciled assets under management in sustainable, responsible and impact investment strategies has grown 76 percent from $3.74 trillion in 2012 to $6.57 trillion at the start of 2014, with environmental factors incorporated in nearly $3 trillion of assets under management3.

About SPDR Exchange Traded Funds

SPDR ETFs are a comprehensive family spanning an array of international and domestic asset classes. SPDR ETFs are managed by SSgA Funds Management, Inc., a registered investment adviser and wholly owned subsidiary of State Street Bank and Trust Company. The funds provide investors with the flexibility to select investments that are precisely aligned to their investment strategy. Recognized as an industry pioneer, State Street created the first US listed ETF in 1993 (SPDR S&P 500(R) – Ticker SPY) and has remained on the forefront of responsible innovation, as evidenced by the introduction of many ground-breaking products, including first-to-market launches with gold, international real estate, international fixed income, and sector ETFs. For more information, visit www.spdrs.com.

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 Corporation, one of the world’s leading providers of financial services to institutional investors.

1 The gross expense ratio is the fund’s total annual operating expenses ratio. It is gross of any fee waivers or expense reimbursements. It can be found in the fund’s most recent prospectus.

2 The Adviser has contractually agreed to waive its advisory fee and reimburse certain expenses, until January 31, 2017, so that the Net annual Fund operating expenses of the Fund will be limited to 0.20% of the Fund’s average daily net assets before application of any fees and expenses not paid by the Adviser under the Investment Advisory Agreement. Such fees and expenses paid by the Adviser are limited to certain direct operating expenses of the Fund and, therefore, do not include the Fund’s acquired fund fees and expenses, if any. The contractual fee waiver does not provide for the recoupment by the Adviser of any fees the Adviser previously waived. The Adviser may continue the waiver from year to year, but there is no guarantee that the Adviser will do so and after January 31, 2017, the waiver may be cancelled or modified at any time.

3 Source: US SIF Foundation Report on Sustainable, Responsible and Impact Investing Trends 2014

Investing involves risk including the risk of loss of principal.

The information provided does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor’s particular investment objectives, strategies, tax status or investment horizon. You should consult your tax and financial advisor. All material has been obtained from sources believed to be reliable. There is no representation or warranty as to the accuracy of the information and State Street shall have no liability for decisions based on such information.

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.

Frequent trading of ETF’s could significantly increase commissions and other costs such that they may offset any savings from low fees or costs.

Passively managed funds invest by sampling the index, holding a range of securities that, in the aggregate, approximates the full Index in terms of key risk factors and other characteristics. This may cause the fund to experience tracking errors relative to performance of the index.

The funds or securities referred to herein are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based.

The Prospectus contains a more detailed description of the limited relationship MSCI has with SSgA Funds Management, Inc and any related funds.

“SPDR” is a registered trademark of Standard & Poor’s Financial Services LLC (“S&P?”) and has been licensed for use by State Street Corporation. No financial product offered by State Street Corporation or its affiliates is sponsored, endorsed, sold or promoted by S&P or its Affiliates, and S&P and its affiliates make no representation, warranty or condition regarding the advisability of buying, selling or holding units/shares in such products.

Further limitations and important information that could affect investor’s rights are described in the prospectus for the applicable product.

Distributor: State Street Global Markets, LLC, member FINRA, SIPC, a wholly owned subsidiary of State Street Corporation. References to State Street may include State Street Corporation and its affiliates. Certain State Street affiliates provide services and receive fees from the SPDR ETFs.

Before investing, consider the funds’ investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257 or visit www.spdrs.com. Read it carefully.

Not FDIC Insured – No Bank Guarantee – May Lose Value

CORP-1217

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