State Street Global Advisors (State Street), the investment management arm of State Street Corporation (NYSE: STT) and World Gold Trust Services, LLC, a wholly-owned subsidiary of the World Gold Council, today announced a change of name for the streetTRACKS® Gold Trust (NYSE: GLD).
Effective at the opening on May 21, 2008, the exchange traded security will trade as SPDR® Gold Shares under the re-named SPDR® Gold Trust, the ticker symbol GLD will remain unchanged. A full prospectus will be available at www.spdrgoldshares.com.
Launched by World Gold Trust Services in November 2004, GLD, the first US commodity based exchange traded security, has emerged as one of the fastest growing exchange traded products. State Street Global Markets, LLC serves as marketing agent for GLD. As of April 30, 2008, assets under management in GLD totaled approximately $16.4 billion, making it the sixth largest US ETF by assets.