Five State Street ETFs to track Solactive´s Global Benchmark Indices
Solactive is pleased to announce that State Street Global Advisors as one of the leading asset managers globally is starting to use Solactive indices as underlying for five members of the SPDR ETF family. The indices tracked are part of our newly launched Global Benchmark Series. Each index covers the top 85% of the corresponding equity market in terms of free float market capitalization. The consideration of strict liquidity criteria ensures the tradability of the assets linked to each benchmark index. The indices are rebalanced on a semi-annual basis in May and November with additional IPO reviews in February and August. Buffer rules are applied to prevent undesired high index turnover. The indices are weighted by free-float market capitalization and are calculated in US-Dollar.
The following five ETFs of the SPDR family are tracking Solactive Benchmark Indices going forward:
| ETF Name | Index Name | Index Status |
| SPDR Solactive Canada ETF (QCAN) | Solactive GBS Canada Large & Mid Cap Index | Switch from existing MSCI index |
| SPDR Solactive Germany ETF (ZDEU) | Solactive GBS Germany Large & Mid Cap Index | Switch from existing MSCI index |
| SPDR Solactive Japan ETF (ZJPN) | Solactive GBS Japan Large & Mid Cap Index | Switch from existing MSCI index |
| SPDR Solactive United Kingdom ETF (ZGBR) | Solactive GBS United Kingdom Large & Mid Cap Index | Switch from existing MSCI index |
| SPDR Solactive Hong Kong ETF (ZHOK) | Solactive GBS Hong Kong Large & Mid Cap Index | New ETF Launch |
Steffen Scheuble, CEO at Solactive AG, commented: “I am very pleased to start working with State Street Global Advisors as one of the top three leading asset managers globally. The switch demonstrates a great deal of trust in our services and the quality of the team´s hard work which makes me very proud.”
Solactive is determined to continue offering high-quality indices with a very flexible, client-centric approach. The switch of State Street’s Funds to Solactive´s Global Benchmark Series marks a major milestone on this journey.