Effects of Fed Liquidity Programs and the State of ETFs
Webcast: Thursday 2 April 2020
As markets continue to experience unprecedented volatility, we are addressing and answering key concerns and questions from clients.
This week, experts from State Street Global Advisors provided insight on the pandemic’s impact on the ETF industry and examined the Fed lending facilities and its effect on fixed income markets thus far.
Rory Tobin serves as Chairman of State Street Global Advisors EMEA and Head of the Global SPDR ETF business at State Street Global Advisors. In this role, he is responsible for defining, leading and executing the growth strategy for the Global SPDR ETF business. Rory is a member of the firm's Executive Management Group.
Matthew J. Steinaway, CIO of Global Fixed Income, Cash and Currency
Matt Steinaway is a Senior Managing Director of State Street Global Advisors and is the Chief Investment Officer of the firm's Global Fixed Income, Currency and Cash Group. In this role, he oversees a team of approximately 120 professionals managing assets across active, smart beta and passive strategies for fixed income, cash and currency portfolios. Matt joined the company in 2003 and has more than 25 years of credit and investment experience. He is also a member of State Street Global Advisors' Executive Management Group and Investment Committee.
William Ahmuty Head of SPDR Fixed Income Group
Bill is the Head of SSGA SPDR ETF Fixed Income Group and the SPDR Insurance Team. He is responsible for leading SPDR ETF Fixed Income Institutional sales and strategy and joined the ETF Institutional Sales and Capital Markets Team in 2014. Bill has over 12 years of ETF trading experience across asset classes and over 20 years of market experience.
SPDR ETF is the exchange traded funds ("ETF") platform of State Street Global Advisors and is comprised of funds that have been authorised by European regulatory authorities as open-ended UCITS investment companies. SPDR ETFs may not be available or suitable for you.
ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns.
Changes in exchange rates may have an adverse effect on the value, price or income of an investment. Further, there is no guarantee an ETF will achieve its investment objective.
SHARES IN THE FUNDS OF THE SPDR® ETF SICAV, SSGA SPDR ETFS EUROPE I AND SSGA SPDR ETFS EUROPE II PLC MAY NOT BE AVAILABLE FOR OR SUITABLE FOR YOU. THE VIEWS EXPRESSED IN THIS SITE DO NOT CONSTITUTE INVESTMENT ADVICE. INDEPENDENT ADVICE SHOULD BE SOUGHT IN CASES OF DOUBT. NEITHER THE INFORMATION NOR ANY OPINION CONTAINED ON THIS SITE CONSTITUTES A SOLICITATION OR OFFER TO BUY OR SELL SHARES OF THE FUNDS OR ANY OTHER FINANCIAL INSTRUMENT.
Standard & Poor's®, S&P® and SPDR® are registered trademarks of Standard & Poor's Financial Services LLC (S&P); Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC (Dow Jones); and these trademarks have been licensed for use by S&P Dow Jones Indices LLC (SPDJI) and sublicensed for certain purposes by State Street Corporation. State Street Corporation's financial products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and third party licensors and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability in relation thereto, including for any errors, omissions, or interruptions of any index.
SPDR ETFs may be offered and sold only in those jurisdictions where authorised, in compliance with applicable regulations.
Information related to Mexico
This information does not constitute and is not intended to constitute marketing or an offer of securities and accordingly should not be construed as such. The Funds referenced herein have not been, and will not be, registered under the Mexican Securities Market Law (Ley del Mercado de Valores) and may not be publicly offered or sold in the United Mexican States. Disclosure documentation related to any of the aforementioned Funds may not be distributed publicly in Mexico and shares of the Funds may not be traded in Mexico.
You should obtain and read a prospectus and KIID relating to the SPDR ETFs prior to investing. Further information and the prospectus/KIID describing the characteristics, costs and risks of SPDR ETFs are available for residents of countries where SPDR ETFs are authorised for sale on the SPDRs website and from your local SSGA office.