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Dow Jones Indexes' The Global Dow to Become Underlying Index for State Street Global Advisors' SPDR(R) Global Dow ETF

/ Source: GlobeNewswire

NEW YORK, May 2, 2011 (GLOBE NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, today announced The Global Dow, which measures the stock performance of 150 of the world's leading companies, will become the underlying index for State Street Global Advisors' SPDR® Global Dow ETF, effective May 2, 2011.

The equally weighted 150 stocks in The Global Dow are selected by an Averages Committee comprised of the Managing Editor of The Wall Street Journal, the head of Dow Jones Indexes research and the head of CME Group research – the same selection process used by the Dow Jones Industrial Average. (In 2010, CME Group acquired 90% of Dow Jones Indexes from Dow Jones & Co., a division of News Corp., and publisher of The Wall Street Journal.)

"The Global Dow tracks leading companies from around the world," said Michael A. Petronella, President, Dow Jones Indexes. "By covering both the developed and emerging economies of the world, The Global Dow truly reflects, as closely as possible, the global stock market as it exists today."

James Ross, Senior Managing Director and Global Head of SPDR Exchange Traded Funds at State Street Global Advisors, said: "We're pleased to provide investors with access to The Global Dow, an innovative benchmark often viewed as a global extension of the Dow Jones Industrial Average."

Components of The Global Dow are reviewed on an as-needed basis, with changes rare; revisions to the index typically occur following corporate acquisitions or other significant changes in a component company's core business. The index is rebalanced annually in September.

The Global Dow has gained 8.04%, year-to-date (April 29, 2011); 12.25% over the past one year, and 8.20% (annualized) since its inception date of November 9, 2008. The Global Dow has back-tested data available back to December 31, 2000.

As of April 29, 2011, the index's largest three components by float-adjusted market capitalization are: Exxon Mobil Corp., Apple Inc., and Chevron Corp.

The Global Dow replaces Dow Jones Indexes' Dow Jones Global Titans 50 Index as the underlying index for the State Street Global Advisors' product previously known as SPDR Global Titans ETF. The Dow Jones Global Titans 50 Index is comprised of 50 of the world's largest publicly traded multinational companies, selected using float-adjusted market capitalization, revenue and net income.

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About Dow Jones Indexes

Dow Jones Indexes is a leading full-service index provider that develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products. Best-known for the Dow Jones Industrial Average, Dow Jones Indexes offers more than 130,000 equity indexes as well as fixed-income and alternative indexes, including measures of hedge funds, commodities and real estate. Dow Jones Indexes employs clear, unbiased and systematic methodologies that are fully integrated within index families. Dow Jones Indexes is part of a joint venture company owned 90 percent by CME Group Inc. and 10 percent by Dow Jones & Company, Inc., a News Corporation company (Nasdaq:NWS) (Nasdaq:NWSA) (ASX:NWS) (ASX:NWSLV).

The Dow Jones Indexes logo is available at

"Dow Jones®," "Dow Jones Indexes," "Dow Jones Global Titans 50" and "The Global Dow" are service marks of Dow Jones Trademark Holdings LLC ("Dow Jones"), and have been licensed for use by CME Group Index Services LLC ("CME Indexes") and sublicensed for use by State Street Global Advisors (SSgA). "Titans" is a service mark of CME Indexes. SSgA's SPDR Global Dow ETF and SPDR Global Titans ETF are not sponsored, endorsed, sold or promoted by Dow Jones, CME Indexes or their respective affiliates and Dow Jones, CME Indexes and their respective affiliates make no representation regarding the advisability of investing in such ETFs.

*The Global Dow was first published on November 9, 2008. To the extent information for the index for the period prior to its initial publication date is made available, such information is back-tested (i.e., calculations of how the index might have performed during that time period if the index had existed). And the comparisons, assertions and conclusions regarding the performance of the index during such time period are based on back-testing. Back-tested information is purely hypothetical and is provided in this document solely for informational purposes. Back-tested performance does not represent actual performance, and should not be interpreted as an indication of actual performance. Past performance is not indicative of future results.

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 professional investors with the flexibility to select investments that are precisely aligned to their investment strategy. Recognized as the industry pioneer, State Street created the first ETF in 1993 (SPDR S&P 500® - Ticker SPY). Since then, we've sustained our place as an industry innovator through the introduction of many ground-breaking products, including first-to-market launches with gold, international real estate, international fixed income and sector ETFs.

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.

SPDR ETFs are managed by SSgA Funds Management, Inc., a registered investment adviser and wholly owned subsidiary of State Street Bank & Trust Company.

"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 or its affiliates is sponsored, endorsed, sold or promoted by S&P.

CONTACT: Dow Jones Indexes press office: New York: +1-212-597-5720 London: +44-20-7796-7247