SPDR S&P/ASX 200 Fund (STW)

Shares / Stock Code

STW

Stock Exchange / Sharemarket

ax

SPDR S&P/ASX 200 Fund (STW) is an exchange-traded fund (ETF). The Fund provides index access to the S&P/ASX 200 Accumulation Index. STW commenced operations in 2001. SPDR S&P/ASX 200 Fund listed on the Australian Stock Exchange on August 27, 2001. The Fund is managed by State Street Global Advisors, Australia Services Limited (SSgA), which is the responsible entity of the STW. Retail investors are only allowed to trade units on the ASX, while stockbrokers that are acting as principal have exposure to open PDS, which allows the units to be applied for and traded in off-market, by trading shares in lots of 100,000. The Fund’s market price will always be near to its NAV due to market makers in addition to the Company’s potential to provide units in return for stock off-market. The fund provides its investors with an opportunity to have a cost-effective diversified access to the stockmarket. Thus investors can effectively gain access to all the securities contained in the portfolio of the S&P/ASX 200 Index through just one transaction.

SPDR S&P/ASX 200 Fund History

SPDR S&P/ASX 200 Fund (STW) made its debut on the Australian Stock Exchange on 27 August 2001. SPDR S&P/ ASX 50 Fund (SFY) which seeks to track the investment performance of S&P/ASX 50, was also launched at the same time by State Street, as well as SLF, which seeks to track the investment performance of A&P/ASX 200 Property Index.