State Street Global Advisors has rationalised its legal entity footprint in the EU, consolidating its EU operating model under a single legal entity, State Street Global Advisors Europe Limited (“SSGAEL”), licensed to provide MiFID and fund management company services pursuant to EU directives.
Effective 1 August 2021, State Street Global Advisors Ireland Limited (“SSGA Ireland”), State Street Global Advisors GmbH (“SSGA GmbH”), and SSGAEL have effected a cross-border merger by means of a merger by acquisition of SSGA Ireland and SSGA GmbH by SSGAEL (the “Merger”). In anticipation of its broader role following the Merger, SSGAEL changed its name from State Street Global Advisors Funds Management Limited to become known as “State Street Global Advisors Europe Limited”.
SSGAEL is authorised by the Central Bank of Ireland:
for management of portfolios of investments on a discretionary client-by-client basis
for the MiFID ancillary services of investment advice and reception and transmission of orders; and
as an AIFM and UCITS management company.
These permissions have been notified as relevant to other EU regulators such that SSGA’s ability to operate across Europe and service your investment needs remain unchanged. SSGAEL is the designated management company/investment manager of record for all of SSGA’s EU fund entities, including, as from the Merger, State Street Liquidity plc, SSGA SPDR ETFs Europe I plc and SSGA SPDR ETFs Europe II plc. As before SSGAEL may delegate the execution of certain activities to other SSGA group entities whilst retaining other activities that it can directly perform.
As a result of the Merger, SSGA’s existing branches in the EU became branches of SSGAEL, and continue to operate and provide the same distribution services as before. Also as a result of the Merger, our business located in Germany currently conducted by SSGA GmbH, became the German branch of SSGAEL, continuing to provide the same distribution services and operating from our existing offices in Frankfurt and Munich and the previous Polish branch of SSGA GmbH becomes the Polish branch of SSGAEL.
All documents and materials dated prior to 1 August 2021 should be read in the context of these changes. For fund investors, the most up to date fund documentation reflecting these changes can be found on https://www.ssga.com/fund-finder. For other queries, please contact your usual SSGA/SPDR representative.
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 Statement (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.