State Street to close 5 ETFs

State Street Global Advisors (SSGA), the asset management business of State Street Corporation (NYSE:STT), announced plans to close and liquidate the following five exchange traded funds based on an ongoing review of the SPDR ETF offering and market demand:

SPDR MSCI International Real Estate Currency Hedged ETF (HREX)
SPDR MSCI South Korea StrategicFactorsSM ETF (QKOR)
SPDR MSCI Mexico StrategicFactorsSM ETF (QMEX)
SPDR MSCI Taiwan StrategicFactorsSM ETF (QTWN)
The Financial Services Select Sector SPDR Fund (XLFS)

The final day for creations will be November 14, 2016 with the exception of HREX, for which the final day for creations will be November 11, 2016.
Trading of all five funds will be suspended on the NYSE Arca at the open of market on November 15, 2016, and proceeds of the liquidation are scheduled to be sent to shareholders on or about November 22, 2016.

Leave a Reply

Your email address will not be published.