Objective Thinking Yields Innovative Solutions
Our conservative management approach aims to preserve and protect your investment, and is reinforced by State Street Global Advisors’ dedicated credit research team, one of the largest and most experienced in the industry.
As one of the world’s dominant players in the global bond, cash and repurchase agreement markets, we have unique insights into market liquidity and positioning across fixed income asset classes. As markets restructure, and liquidity is increasingly challenged:
Our portfolio managers have deep visibility into liquidity trends, helping them to build more robust portfolios
We use the strength and scale of our relationships with trading counterparties to continuously help improve access to liquidity
The investment philosophy of the State Street Floating Rate Fund is based on two objectives that guide our active portfolio management approach:
Preservation of Principal: We create a diversified portfolio that is of high credit quality and low duration with the aim of capital preservation.
Liquidity: We construct a portfolio that invests in the most liquid Floating Rate Notes issued in Australia. We access primary and secondary markets to accommodate cash flows and provide daily liquidity.
We believe these two fundamentals work together to provide an attractive enhanced cash return. The investment process is underpinned by our experienced global credit research team who use a broad range of tools to conduct fundamental credit research.
The Australia-based portfolio managers are responsible for the investment strategy and portfolio construction. The portfolio managers make relative value trading decisions and evaluate the size of investments relative to market liquidity to minimise market impact. This allows the Fund to add value in a conservative manner whilst managing the risks.
Meet the Team
Simon Mullumby, CFA
Head of Australian Cash and Bonds
Portfolio Manager, Sydney
Attilio (AJ) Qualtieri
Senior Analyst, Global Credit Researcher Team, Boston
For more than 40 years, research and innovation have been at the core of our efforts to deliver outperformance for our clients.
Contact your State Street Global Advisors relationship manager, or email us to learn how to invest in Fixed Income.
1As of 31 December 2020. Source: State Street Global Advisors.
Bonds generally present less short-term risk and volatility than stocks, but contain interest rate risk (as interest rates raise, bond pricesusually fall); issuer default risk; issuer credit risk; liquidity risk; and inflation risk. These effects are usually pronounced for longer-termsecurities. Any fixed income security sold or redeemed prior to maturity may be subject to a substantial gain or loss. This information should not be used orconstrued as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security.
Investing involves risk including the risk of loss of principle.
Bonds generally present less short-term risk and volatility than stocks, but contain interest rate risk (as interest rates raise, bond prices usually fall); issuer default risk; issuer credit risk; liquidity risk; and inflation risk. These effects are usually pronounced for longer-term securities. Any fixed income security sold or redeemed prior to maturity may be subject to a substantial gain or loss. This information should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security.
The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without SSGA’s express written consent.
The information provided does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon. You should consult your tax and financial advisor. All material has been obtained from sources believed to be reliable. There is no representation or warranty as to the accuracy of the information and State Street shall have no liability for decisions based on such information.
This website is intended for persons resident in Australia. State Street Global Advisors, Australia Services Limited ABN 16 108 671 441, AFSL Number 274900 ("SSGA, ASL") is the product issuer. State Street Global Advisors, Australia, Limited (AFSL Number 238276, ABN 42 003 914 225) (“SSGA Australia”) is the Investment Manager. The material on this website is general information only and does not take into account your individual objectives, financial situation or needs.
You should seek professional advice and consider the Product Disclosure Document (PDS) and target market determination, available at www.ssga.com, before deciding whether to acquire or continue to hold units in the Funds.
You can access our PDS online or by calling us. The offer made in our PDS is available to persons receiving the PDS within Australia and applications from outside Australia will not be accepted. Past performance is not a reliable indicator of future performance. Investing entails risks and there can be no assurance that State Street Global Advisors will achieve profits or avoid incurring losses.
Investing involves risk including the risk of loss of principal. This material should not be considered a solicitation to apply for interests in the Funds and investors should obtain independent financial and other professional advice before making investment decisions. There is no representation or warranty as to the currency or accuracy of, nor liability for, decisions based on such information. Performance quoted represents past performance, which is not a reliable indicator of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted.