Real Estate and Financial Services Select Sector Indices Launched by S&P Dow Jones Indices

Indices Licensed to State Street Global Advisors for ETF Development

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Sep 02, 2015, 09:30 ET

NEW YORK, Sept. 2, 2015 /PRNewswire/ -- As Real Estate gains traction as a distinct category for investors, S&P Dow Jones Indices (S&P DJI) has announced the launch of the Real Estate Select Sector and Financial Services Select Sector indices. These two indices broaden S&P DJI's well-regarded family of Select Sector Indices from nine to eleven.

Both indices have been licensed to State Street Global Advisors (SSgA) to serve as the basis for exchange traded funds (ETFs).

As previously announced on November 10, 2014, a new Global Industry Classification Standard (GICS^®) Real Estate sector is being created, elevating real estate's current position as an Industry Group under the Financials Sector. The change is scheduled to be implemented after the market close of August 31, 2016 and will bring the number of GICS^® sectors to eleven.

"We are excited to announce the expansion of our widely followed Select Sector family," says Philip Murphy, Vice President of North American Equity Indices at S&P Dow Jones Indices. "The launch of Real Estate and Financial Services Select Sector indices demonstrates our commitment to evolving this index family, acknowledging its growing importance amongst investors and within the markets overall."

The constituents of the Select Sector Indices are all members of the S&P 500. Each constituent of the S&P 500 is assigned to at least one Select Sector Index which is based on the constituent's classification under the GICS.

Financial Services Select Sector is comprised of the GICS Financials Sector excluding the Real Estate Industry Group, but including Mortgage REITs
Real Estate Select Sector includes the GICS Real Estate Industry Group excluding Mortgage REITs

To learn more, please visit: www.spdji.com.

About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a part of McGraw Hill Financial, is the world's largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of investors. More assets are invested in products based upon our indices than any other provider in the world. With over 1,000,000 indices covering a wide range of asset classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.

S&P® is a registered trademark of Standard & Poor's Financial Services LLC ("S&P"), a part of McGraw Hill Financial. Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones"). These trademarks have been licensed to S&P Dow Jones Indices LLC. It is not possible to invest directly in an index. S&P Dow Jones Indices LLC, Dow Jones, S&P and their respective affiliates (collectively "S&P Dow Jones Indices") do not sponsor, endorse, sell, or promote any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. This document does not constitute an offer of services in jurisdictions where S&P Dow Jones Indices does not have the necessary licenses. S&P Dow Jones Indices receives compensation in connection with licensing its indices to third parties.

The Global Industry Classification Standard (GICS®) was developed by and is the exclusive property and a trademark of Standard & Poor's Financial Services LLC., a subsidiary of McGraw Hill Financial, Inc., and MSCI Inc.

SOURCE S&P Dow Jones Indices