A global leader in fixed income index investing
Providing unique insight into the fixed income market via a snapshot of both fixed income flows and holdings indicators2, extracted from a wider data set that represents $10 trillion of assets3, and PriceStats®, an innovative inflation tool tracking daily price changes of millions of online items.
This report identifies and analyses the most common misconceptions associated with fixed income ETFs, including subjects such as: their performance compared to active managers (for mainstream and niche exposures), their implicit overweight to the most indebted companies, and impact on the overall bond market.
With four decades of experience meeting complex client needs and 22 years managing indexed fixed income, State Street Global Advisors manages nearly $2.8 trillion* in client assets, which makes us the third largest asset manager in the world.
1Source: State Street Global Advisors, 30 September 2018
2The fixed income flows and holdings indicators produced by State Street Global Markets, the investment, research and trading division of State Street Corporation, are based on aggregated and anonymized custody data provided to it by State Street, in its role as custodian. State Street Global Advisors does not have access to the underlying custody data used to produce the indicators
3Source: State Street Form 10-K, as of 31 December 2017
*AUM reflects approximately $28 billion (as of September 30, 2018), with respect to which State Street Global Advisors Funds Distributors, LLC (SSGA FD) serves as marketing agent; SSGA FD and State Street Global Advisors are affiliated.
Important Risk Information
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.