History of Innovation
Whether it’s giving every investor access to asset classes and customizable portfolios traditionally only available to institutional investors with the first US ETF, helping to accelerate the industry transition from commissions to fees, or building impact investing funds that not only do well but also “do good,” at State Street Global Advisors our focus has always been on Responsible Innovation that benefits investors and the world.
For us, designing funds isn’t just about offering cost-efficient access , but meeting needs, solving problems and exceptional performance. From our roots as an indexing pioneer to our capabilities in active, smart beta and alternatives, our clients’ investing challenges have been the catalyst for our innovation for more than 35 years.
1978 – State Street Global Advisors is established to provide investment management services to institutional investors; the firm launches one of the industry’s first index equity funds.
1979 – Building on our early indexing success in the US, we go international, introducing one of the industry’s first MSCI EAFE Index funds.
1984 – We complement our indexing prowess with new active quantitative equity strategies, meeting investor demand for systematic approaches to portfolio management and their underlying return drivers.
1990 – We open our first non-US locations in London and Hong Kong; live trading desks in both locations offer clients local insight and execution capabilities across all major regional markets.
1993 – Together with the American Stock Exchange, we launch the SPDR® S&P 500 ETF - the first ETF in the US, and the largest and most liquid security in the world.1 The product offers investors broader, more efficient access to capital markets.
1998 – We launch Sector SPDRs, the industry’s first family of sector-specific ETFs offering tactical asset allocation strategies to more investors.
1999 – Our collaborative work with the government of Hong Kong results in Asia ex-Japan’s first ETF, the Tracker Fund of Hong Kong, which was the largest IPO in history for the region at the time – raising over US$ 4 billion 2
1999 – We pioneer multi-asset class, liability-driven investing strategies designed to be more closely aligned with plan sponsors’ risk, return and cash-flow objectives.
2000 – We create one of the first groups dedicated to serving the investment needs of sovereign wealth funds, central banks and government entities. Our Official Institutions Group (OIG) today serves 93 central banks, sovereign wealth funds, supranational and government clients worldwide and manages more than US$ 369 billion globally.3
2001 – We launch the first family of ETFs in Europe
2001 – We launch the ETF market in Australia with the SPDR S&P/ASX 200 Fund and the SPDR S&P/ASX 50 Fund tracking the flagship indexes of the Australian large cap market
2002—We launch the first locally-listed ETF in Singapore, the SPDR Straits Times Index ETF. Today this ETF is still the most-recognized vehicle tracking the nation’s flagship large cap index.
2003 – We join with local partners in Taiwan to launch the first local ETF, the Polaris Taiwan Top 50 Tracker Fund.
2003 – Assets under management surpass $1 trillion.
2004 – State Street Global Advisors and the World Gold Council launch the first gold-backed, exchange-traded security in the US market; the fund raises more than US$ 2 billion in just two months4.
2005 – We partner with China Asset Management to launch the first local Chinese ETF, the Shanghai SSE50 Index Fund.
2005 – We launch Asia’s first regional fixed income ETF, the ABF Pan Asia Bond Index Fund, currently the largest fixed income ETF across APAC with approximately US$ 4 billion in AUM5. This product was created with the EMEAP (Executives' Meeting of East-Asia and Pacific Central Banks) Group, which refers to the group of 11 central banks or monetary authorities in the East Asia and Pacific region, namely Australia, China, Hong Kong, Indonesia, Japan, Korea, Malaysia, New Zealand, Philippines, Singapore and Thailand. PAIF is one of the Group's initiatives to further develop the Asian bond market.
2008 – We introduce Managed Volatility Strategies, providing clients with a new risk management tool seeking compelling equity returns with less volatility.
2009 – We expand our presence in Latin America by cross listing 17 ETFs on the Bolsa Mexicana de Valores
2010 – The firm reaches US$ 2 trillion in worldwide assets under management.
2010 – We acquire Bank of Ireland Asset Management, adding strong global active fundamental management capabilities and expanding to Dublin as the firms 10th global investment center from which investment teams manage client assets.
2011 – We form the Investment Solutions Group (ISG), an experienced team of global professionals that works closely with clients to develop custom portfolio solutions to meet their investment objectives.
2012 – We partner with Blackstone/GSO to offer the first-of-its-kind actively managed senior loan ETF, providing exchange-traded access to one of the world’s premier managers of this highly sought asset class.
2014 – We expand our presence in the UK defined contribution marketplace with the launch of the Timewise Target Retirement Funds, a series of target-date funds aimed at providing better default options for workplace pension plan participants.
2014 – We are the only US-based asset manager selected by the European Central Bank to help manage its asset-backed securities purchase program.
2015 – We launch our first S&P 500 fossil-fuel-free ETF in partnership with the U.S. Natural Resources Defense Council, adding to the firm’s Environmental, Social and Governance (ESG) lineup.
2015 – We partner with DoubleLine Capital to launch the SPDR DoubleLine Total Return Tactical ETF, an active fixed income ETF which raises more than US $1 billion in assets within six months of its launch6.
2016 – We acquire GE Asset Management, adding new alternatives capabilities, strengthening the firm’s fundamental equity and active fixed income teams, and establish the firm as a leading provider of outsourced chief investment officer (OCIO) services.
2016 – We launch the of SPDR SSGA Gender Diversity Index ETF (SHE), the first SPDR ETF to use a proprietary State Street Global Advisors Index.
2017 – We called over 700 companies in our investment portfolio in the US, UK and Australia with no women on their boards to take action and became the first large US asset manager to announce that we would not hesitate to use our proxy voting power if companies failed to act. During the 2017 proxy season, we voted against more than 500 companies that did not commit to taking steps toward adding at least one woman in the coming year. 152 companies have added a woman to their board and 34 more have committed to doing so.
1Source: Arcavision, State Street Global Advisors as of September 30, 2014. There can be no assurance that a liquid market will be maintained for ETF shares.
2Diversification does not ensure a profit or guarantee against loss.
3As of December 31, 2017.
5State Street Global Advisors SPDR ETFs as of 2/28/2018
6State Street Global Advisors SPDR ETFs as of 8/31/2015
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 or visit www.spdrs.com. Read it carefully.
In general, ETFs can be expected to move up or down in value with the value of the applicable index. Although ETFs may be bought and sold on the exchange through any brokerage account, ETFs are not individually redeemable from the Fund. Investors may acquire ETFs and tender them for redemption through the Fund in Creation Unit Aggregations only, please see the prospectus for more details.
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.