Products January 27, 2011

Principal Enhances Participant Web Site

The Principal Financial Group upgraded its Web site for retirement plan participants.
Reported by

The site now features updated language, navigation, and functionality to help participants find, and better understand, information and tools available to them. 

Principal decided to include charts to help participants monitor retirement savings and plan for retirement.  The charts highlight “at-a-glance snapshots” of their savings progress in the “Track Your Progress” chart, as well as the ability to monitor a monthly retirement income goal in the “View Your Retirement Outlook” chart. 

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Products January 27, 2011

State Street Releases Three ETFs

State Street Global Advisors (SSgA) now has 96 SPDR ETFs in the U.S.
Reported by

The three ETF offerings: SPDR S&P Transportation ETF (Symbol: XTN), SPDR S&P Telecom ETF (Symbol: XTL), and SPDR S&P Healthcare Equipment ETF (Symbol: XHE), began trading on the NYSE Arca Thursday. They will seek to track the performance of a series of S&P Select Industry indexes, which are designed to measure the performance of narrow Global Industry Classification Standard (GICS) sub-industries, the company reported.

Constituent stocks are members of the S&P Total Market Index, which includes all common equities listed on the NYSE and the NASDAQ U.S. exchanges.

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“Our family of exchange-traded funds continues to expand to meet the needs of a growing number of investors and financial professionals who rely on SPDR ETFs to implement a variety of asset allocation strategies and enhance the diversification of their portfolios,” said James Ross, senior managing director and global head of SPDR Exchange-Traded Funds at State Street Global Advisors.

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