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Hong Kong —State Street Corporation (NYSE:STT), the world's leading provider of financial services to institutional investors, today announced that it received top rankings in the Asia Asset Management Awards for 2006. The award winners were recognised on February 28 at a dinner ceremony at the Four Seasons Hotel in Hong Kong.
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| State Street Global Advisors (SSgA), the company's investment management arm, garnered praise for streetTRACKS® Gold Shares in the category of "Singapore — Most Innovative Product." State Street was also named "Best Securities Lending House." |
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| "We are honored to be recognised for our commitment to providing innovative investment solutions to our customers in Asia," said Bernard Reilly, senior managing director for State Street Global Advisors Asia Limited. "Our position as a key provider of diverse investment vehicles, coupled with our highly skilled team of professionals, enables us to provide customers with solutions to meet their investment needs." |
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| Launched in November 2004 by State Street in conjunction with the sponsor, World Gold Trust Services, LLC, a wholly owned subsidiary of the World Gold Council, streetTRACKS Gold Shares is the first gold-backed exchange-traded fund (ETF). It is now authorised and listed in Asia and is the largest and most liquid gold-backed equity in the world. |
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| Stuart Thomas, a spokesperson for World Gold Trust Services, LLC, commented:
"When we first rolled out the exchange traded gold products four years ago, we knew that the innovative and simple product would be well received by investors who wanted easy access to the benefits of investing in gold. With the additional listing of streetTRACKS Gold Shares in Asia, Exchange Traded Gold Shares can now be traded virtually 24 hours a day. I'm very proud that streetTRACKS® Gold Shares received this accolade in Asia."
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| State Street lends securities in markets around the world via a global network of trading locations— providing customers with around-the-clock opportunities, as well as regional expertise and experience. State Street has provided securities lending services since 1974 and has developed an industry-leading approach to risk and return management. Its securities lending program is available to all institutional investors worldwide, whether their assets are held in custody at State Street or elsewhere. |
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| "We are pleased to be recognised for our securities lending business by a premier publication," said Francesco M. Squillacioti, senior managing director and Asia-Pacific regional business director for Securities Finance at State Street. "This award demonstrates the commitment of our team in the Asia-Pacific region to bring our global strengths to the local markets and provide borrowing and lending programs that meet the needs of our customers." |
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| A complete list of award winners is available at www.asiaasset.com and a full article is featured in the March edition of Asia Asset Management. |
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About State Street Global Advisors
State Street Global Advisors, the investment management arm of State Street Corporation (NYSE: STT), delivers investment strategies and integrated solutions to clients worldwide across every asset class, investment approach and style. With $1.7 trillion in assets under management as of December 31, 2006, State Street Global Advisors has investment centers in Boston, Hong Kong, London, Milan, Montreal, Munich, Paris, Singapore, Sydney, Tokyo and Zurich, and offices in 25 cities worldwide. For more information, visit State Street Global Advisors at www.ssga.com.
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About State Street Corporation
State Street Corporation is the world's leading specialist in providing institutional investors with investment servicing, investment management and investment research and trading services. With $11.9 trillion in assets under custody and $1.7 trillion in assets under management as of December 31, 2006, State Street operates in 26 countries and more than 100 geographic markets worldwide. For more information, visit State Street's website at www.statestreet.com. |
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| About World Gold Trust Services
World Gold Trust Services, LLC is a wholly owned subsidiary of the World Gold Council (WGC) which is a commercially driven marketing organisation that is funded by the world's leading gold mining companies. A global advocate for gold, the WGC aims to promote the demand for gold in all its forms through marketing activities in major international markets. For further information, visit www.gold.org.
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| streetTRACKS® is a registered trademark of State Street Corporation. World Gold Trust Services, LLC is the sponsor and State Street Global Markets, LLC, an affiliate of SSgA, is the marketing agent for the streetTRACKSGold Trust.
streetTRACKS Gold Shares is not an authorised fund in Hong Kong. |
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