Select Sector SPDRs Assets Surge $4 Billion in 2006
10 Janvier 2007 - 8:28PM
Business Wire
Select Sector SPDRs, a family of exchange traded funds (ETFs) that
divide the S&P 500 into nine individual sector funds, saw its
collective assets under management increase 30.38% in 2006, for a
total of $17,188,163,387 at 12/31/06. That represents an increase
of $4.01 billion in total assets for the nine Select Sector SPDRs
for the year, topping last year�s growth of $3.77 billion.
�Clearly, Select Sector SPDRs have demonstrated their value in a
diversified portfolio that seeks to target individual sectors of
the U.S. equity market,� said Dan Dolan, Director � Wealth
Management Strategies, Select Sector SPDR Trust. �Two thousand and
six was another strong year for Select Sector SPDRs as professional
and individual investors continued to discover the simplicity, cost
efficiency and utility of building portfolios with ETFs.
Increasingly, we are also seeing investors deploying sector ETFs
instead of stocks in their investment strategy. This year we saw
the Energy Sector SPDR trade an average of 23.1 million shares per
day, surpassing even the largest energy company, Exxon Mobil, in
trading volume.� Activity in Select Sector SPDR ETFs is often cited
as a barometer of investor sentiment about the prospect of specific
U.S. industries. In 2006, Consumer Staples, Utilities, and Consumer
Discretionary Select Sector SPDRs saw the greatest increase in
assets for the year, advancing 89.28%, 78.48%, and 65.43%
respectively. Energy, Materials, and Health Care lagged, advancing
15.90%, 7.60%, 3.10% respectively. (See chart below for individual
Select Sector SPDR 2006 asset flows) About Select Sector SPDRs
Select Sector SPDRs are ETFs (Exchange Traded Funds) that divide
the S&P 500 into nine sector index funds: Consumer
Discretionary, Consumer Staples, Energy, Financials, Health Care,
Industrials, Materials, Technology and Utilities. Select Sector
SPDRs allow investors to customize their portfolios by picking and
weighting the sectors to meet specific investment goals. Select
Sector SPDR shares are actively traded on the American Stock
Exchange throughout the trading day. SSgA Funds Management, Inc.
serves as the Adviser to the Trust and, subject to the supervision
of the Board of Trustees, is responsible for the investment
management of the Select Sector SPDR Funds. For more information,
see http://www.spdrindex.com. ALPS Distributors Inc., a registered
broker-dealer, is the distributor for the Select Sector SPDR Trust.
An investor should consider investment objectives, risks, charges,
and expenses carefully before investing. To obtain a prospectus
which contains this and other information, visit
www.spdrindex.com/common/prospectus.pdf. Please read the prospectus
carefully before investing. All ETFs are subject to risk, including
possible loss of principal. Sector ETF products are also subject to
sector risks and non-diversification risks, which may result in
greater fluctuations than the overall stock market. The Select
Sector SPDR is a trademark of the McGraw-Hill Companies, Inc. and
has been licensed for use. The stocks included in each Select
Sector Index were selected by the compilation agent. The
composition and weighting of each Index can be expected to differ
to that of any similar index that is published by Standard &
Poor�s. Select Sector SPDRs bear a higher level of risk than more
broadly diversified funds. SPDR Ticker Assets 12/31/05 Assets
12/31/06 Net Assets 2006 2006 % Change� Consumer Staples XLP $784.9
million $1.49 billion $700.80 million 89.28% Utilities XLU $1.68
billion $2.98 billion $1.30 billion 77.48% Consumer Discretionary
XLY $396.7 million $656.30 million $259.57 million 65.43%
Technology XLK $1.54 billion $2.02 billion $478.76 million 31.10%
Financials XLF $1.87 billion $2.30 billion $430.14 million 23.00%
Industrials XLI $886.2 million $1.07 billion $183.35 million 20.69%
Energy XLE $3.28 billion $3.81 billion $522.34 million 15.90%
Materials XLB $952.6 million $1.02 billion $72.36 million 7.60%
Health Care XLV $1.79 billion $1.84 billion $5.54 million 3.10%
Total � $ 13.18 billion $ 17.19 billion $ 4.01 billion 30.38%
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