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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Fixed Income SRLN

SPDR® Blackstone Senior Loan ETF

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SPDR® S&P® Bank ETF

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Gold GLDM

SPDR® Gold MiniShares℠ Trust

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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.

All Models Are Not Created Equal

Managed by the same team that manages money for pensions, endowments and central banks, our ETF model portfolios are designed for a range of investment outcomes and provide diversification opportunities across a variety of asset classes.

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Build a Low-Cost Core

Learn how investors are using low-cost core ETFs to build efficient portfolios that are designed to achieve a variety of investment objectives across the risk spectrum.

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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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Documents

SPDR ETF Listing
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American Jobs Creation Act QII (2021)
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SPDR ICI Tax Summary (Primary)
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SPDR ICI Tax Summary (Secondary)
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Investing involves risk, and you could lose money on an investment in SPDR® Gold MiniShares^SM Trust (“GLDM^SM” or “GLDM”), a series of the World Gold Trust.

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 GLDM^SM:
The World Gold Trust 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 the World Gold Trust has filed with the SEC for more complete information about GLDM and this offering. Please see the GLDM prospectus for a detailed discussion of the risks of investing in GLDM shares. The GLDM 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, GLDM or any authorized participant will arrange to send you the prospectus if you request it by calling 866.320.4053.

GLDM 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 GLDM 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.

GLDM shares trade like stocks, are subject to investment risk and will fluctuate in market value. The value of GLDM shares relates directly to the value of the gold held by GLDM (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. GLDM does not generate any income, and as GLDM 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 GLDM’s sponsor.

MiniShares^SM and GLDM^SM are service marks of WGC USA Asset Management Company, LLC used with the permission of WGC USA Asset Management Company, LLC.

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

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ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.

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Distributor: State Street Global Advisors Funds Distributors, LLC, member FINRA, SIPC, an indirect wholly owned subsidiary of State Street Corporation. References to State Street may include State Street Corporation and its affiliates. Certain State Street affiliates provide services and receive fees from the SPDR ETFs. ALPS Distributors, Inc., member FINRA, is the distributor for DIA, MDY and SPY, all unit investment trusts. ALPS Portfolio Solutions Distributor, Inc., member FINRA, is the distributor for Select Sector SPDRs. ALPS Distributors, Inc. and ALPS Portfolio Solutions Distributor, Inc. are not affiliated with State Street Global Advisors Funds Distributors, LLC.

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The products and services described on this web site are intended to be made available only to persons in the United States or as otherwise qualified and permissible under local law. The information on this web site is only for such persons. Nothing on this web site shall be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction.

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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