2021 Midyear Market Outlook: Managing Reopening Expectations

Even as markets continue to rally, anxiety is building over the challenges ahead. How will you position for the second half of 2021?

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Respond to Market Shifts

Rising Rates

Position for a Higher Rate Reflationary Regime

To ensure portfolios remain properly diversified and meet their return objectives as interest rates rise, investors could consider replacing traditional bonds and growth stocks with growth-sensitive bonds and rate-sensitive stocks.

March 29, 2021 By Michael W Arone, Matthew J Bartolini

SPDR Blog

May Flash Flows: Cyclicals Keep Running to Records

ETFs have had record flows in 2021. What segments are driving the record run? Matthew Bartolini analyzes the latest flow trends amid the strong market recovery rally.

June 7, 2021 By Matthew J Bartolini

Monetary Policy & Macroeconomics

Unappreciated Business Spending Boom Set to Send Stocks Higher

Aided by huge cash reserves, cheap financing costs and sky-high stock prices, businesses are likely to unleash massive spending this year. Michael Arone examines the shopping list.

May 6, 2021 By Michael W Arone

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Investment Ideas

ESG Investing: Time to Act

With crisis sparking a collective demand for change, it’s time for ESG investing to move from a check-the-box component of investment portfolios to a must-have for all portfolios.

Think Gold is Just a Quiet Option? Think Again.

As equity and bond markets upended in early 2020, gold performed as it was used as a source for diversification, risk-adjusted returns, and liquidity.

Simplify Investing with Fixed Income ETFs

Whether you seek broad index, targeted subsector or active exposures, fixed income ETFs offer diversification across numerous bond issues with one trade.

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Invest with Sector ETFs

Sector investments provide targeted exposure to specific segments of the economy, presenting a wide variety of options to enhance the core of your equity portfolio and adapt to changing market cycles with agility and precision.

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Investing involves risk, and you could lose money on an investment in SPDR® Gold Trust (“GLD®” or “GLD).

Commodities and commodity-index linked securities may be affected by changes in overall market movements, changes in interest rates, and other factors such as weather, disease, embargoes, or political and regulatory developments, as well as trading activity of speculators and arbitrageurs in the underlying commodities.

Investing in commodities entails significant risk and is not appropriate for all investors.
Important Information Relating to GLD:
GLD has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents GLD has filed with the SEC for more complete information about GLD and this offering. Please see the GLD prospectus for a detailed discussion of the risks of investing in GLD shares. The GLD prospectus is available by clicking here. You may get these documents for free by visiting EDGAR on the SEC website at sec.gov or by visiting spdrgoldshares.com. Alternatively, GLD or any authorized participant will arrange to send you the prospectus if you request it by calling 866.320.4053.

GLD is not an investment company registered under the Investment Company Act of 1940 (the “1940 Act”) and is not subject to regulation under the Commodity Exchange Act of 1936 (the “CEA”). As a result, shareholders of GLD do not have the protections associated with ownership of shares in an investment company registered under the 1940 Act or the protections afforded by the CEA.

GLD shares trade like stocks, are subject to investment risk and will fluctuate in market value. The value of GLD shares relates directly to the value of the gold held by GLD (less its expenses), and fluctuations in the price of gold could materially and adversely affect an investment in the shares. The price received upon the sale of the shares, which trade at market price, may be more or less than the value of the gold represented by them. GLD does not generate any income, and as GLD regularly sells gold to pay for its ongoing expenses, the amount of gold represented by each Share will decline over time to that extent.

The World Gold Council name and logo are a registered trademark and used with the permission of the World Gold Council pursuant to a license agreement. The World Gold Council is not responsible for the content of, and is not liable for the use of or reliance on, this material. World Gold Council is an affiliate of GLD’s sponsor.

GLD® is a registered trademark of World Gold Trust Services, LLC used with the permission of World Gold Trust Services, LLC.

For more information, please contact the Marketing Agent for GLD: State Street Global Advisors Funds Distributors, LLC, One Iron Street, Boston, MA, 02210; T: +1 866 320 4053 spdrgoldshares.com.

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Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-866-787-2257, download a prospectus or summary prospectus now, or talk to your financial advisor. Read it carefully before investing.

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