State Street Global Advisors (SSgA), the asset management business of State Street Corporation, has made changes to the index and name of the SPDR FTSE/Macquarie Global Infrastructure 100 ETF (GII).
Effective 1 May 2013, the SPDR FTSE/Macquarie Global Infrastructure 100 ETF began tracking the S&P Global Infrastructure Index and was renamed the SPDR S&P Global Infrastructure ETF.
The fund’s ticker symbol (GII) remains unchanged and no action is required by shareholders. The annual expense ratio will change from 0.59 to 0.40 per cent.
The S&P Global Infrastructure Index provides liquid and tradable exposure to 75 companies from around the world that represent the listed infrastructure universe. To create diversified exposure across the global listed infrastructure market, the index has balanced weights across three distinct infrastructure clusters: utilities, transportation and energy.
