5/13/2008

State Street said it is about to launch the third global exchange-traded fund focusing on REITs. Shares of The SPDR DJ Wilshire Global Real Estate ETF will come with an expense ratio estimated to be about 0.50%, which is less than its closest competitors. Global REITs have emerged in the past several months, prompting a variety of international-minded REIT funds. In addition to the REIT ETF, State Street also plans to launch The SPDR S&P International Mid Cap ETF, which was developed to track more than 850 companies.

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