Opening and Closing Bell on Wall Street
State Street Global Advisors, the investment management business of State Street Corporation (NYSE: STT) and the World Gold Council visited the NYSE to commemorate the seventh anniversary of the SPDR® Gold Shares (ticker symbol: GLD) launch . In honor of the occasion, Anthony Rochte, Senior Managing Director, Head of North American Intermediary Business Group, State Street Global Advisors, and Jason Toussaint, Managing Director, Investments, World Gold Trust Services, LLC, rang The Closing BellSM.
In November 2004, GLD became the first commodity-backed exchange traded fund (ETF) listed on the New York Stock Exchange and is now one of the fastest growing ETFs globally.
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.
About the World Gold Trust Services, LLC:
World Gold Trust Services, LLC is a wholly owned subsidiary of the World Gold Council and the Sponsor of the SPDR® Gold Trust. The World Gold Council is the market development organization for the gold industry. Working within the investment, jewelry and technology sectors, as well as engaging in government affairs, its purpose is to provide industry leadership, whilst stimulating and sustaining demand for gold. Based in the UK, with operations in India, the Far East, Turkey, Europe and the USA, the World Gold Council is an association whose members include the world's leading and most forward thinking gold mining companies.