A: That would be Germany at almost 13%, Italy at 12%, and then Spain and Belgium providing exposure to the Euro and various government maturities.

Q: What would be the third currency exposure besides the Yen and the Euro?

A: The third would be the British pound.

Q: Could you give us another example of a recently launched product?

A: The SPDR lehman Municipal bond ETF is a good example.

In working with Lehman, we identified the Lehman Brothers Municipal Managed Money Index, which is a broadly diversified index that?s already been screened to eliminate some of the less liquid or more idiosyncratic parts of the muni bond market including Alternative Minimum Tax bonds, hospital bonds, airport bonds, and housing bonds. The index is of very high quality, AA or higher, which provides access to the most liquid parts of the municipal bond market.

In fact, the Lehman Brothers Municipal Managed Money Index offers higher liquidity and higher quality than the overall municipal bond market. In our view, that made it a better match for an ETF structure.

TFI is the ticker for the SPDR Lehman Municipal Bond ETF. The ETF has seen strong inflow of funds so far in 2008.

Q: How old is the product now?

A: The fund was launched in September of 2007 and currently has $250 million dollars in assets. Of these assets about $190 million were gathered this year.

Q: When was the SPDR Gold Shares (GlD) product launched and what has been the progress in asset gathering since then?

A: SPDR gold Shares (GlD), the first US commodity based exchange traded security, was launched on November 18, 2004, and quickly emerged as one of the fastest growing exchange traded products. having reached a high of approximately $21 billion in March of 2008, GlD currently has approximately $17.1 billion in assets in the Trust as of May 28, 2008.