From our roots as an indexing pioneer to our capabilities in active, smart beta, alternatives and ETFs, our clients’ investing challenges have served as a catalyst for our innovation for more than 40 years.
We work closely with investors and intermediaries to better understand their needs and objectives, and to develop thoughtful, precise solutions designed to help meet a wide range of investment goals.
State Street Corporation established State Street Global Advisors to provide institutional investment management services focused on equity indexing and cash. The new entity begins launching domestic and international equity index funds.
State Street Global Advisors complements its indexing prowess with new active quantitative equity strategies, to help meet client demand for systematic approaches to portfolio management and their underlying return drivers.
We open our first non-US locations in London and Hong Kong; live trading desks in both locations offer clients local insight and execution.
Together with the American Stock Exchange, we launch SPDR, the first US-listed and still-largest ETF. The product offers investors broader, more efficient access to capital markets.*
We launch Sector SPDRs, the industry’s first family of sector-specific ETFs offering tactical asset allocation strategies to more investors.
Our collaborative work with the government of Hong Kong, we establish Asia ex-Japan’s first ETF, the Tracker Fund of Hong Kong, offering unprecedented access to local markets.1
We introduce multi-asset class, liability-driven investing strategies designed to be more closely aligned with plan sponsors’ risk, return and cash-flow objectives.
We create our Official Institutions Group, among the first dedicated to serving the investment needs of sovereign wealth funds and central banks. Today, it manages more than $420 billion globally for 65+ government entities around the world.2
In partnership with the World Gold Council, we launch the first gold backed ETF in the US; the fund raises more than $2 billion in just two months.3
We introduce Managed Volatility Strategies, providing clients with a new risk management tool seeking compelling equity returns with less volatility.
We announce our acquisition of Bank of Ireland Asset Management, adding fundamental value equity portfolio management expertise.
We establish our Investment Solutions Group, providing portfolio solutions to meet complex client needs.
We partner with specialty asset manager Blackstone/GSO to offer the first of-its-kind actively managed senior loan ETF.
We expand our presence in the UK defined contribution marketplace with the launch of the Timewise Target Retirement Funds, a series of funds designed to serve as default options in retirement plans.
We have five of the year’s top ten most successful new ETF launches. Among those launched is our first S&P 500 fossil-fuel-free ETF in partnership with the U.S. Natural Resources Defense Council, adding to the firm’s ESG lineup, and an active fixed income ETF in partnership with DoubleLine Capital that raised US $1 billion in assets within six months of launch.4
We acquire GE Asset Management, providing multiple benefits to State Street Global Advisors and our clients, including the addition of new alternatives capabilities, strengthening fundamental growth equity and active fixed income teams, and establishing us as a leading provider of outsourced chief investment officer (OCIO) services.
We launch our first proprietary index – the State Street Global Advisors Gender Diversity Index.
We place the Fearless Girl statue in NYC financial district symbolising women who are taking charge today and inspiring the next generation of women leaders. At the same time, we call on companies to take intentional steps to increase the number of women on their corporate boards.
We announce a new global hub in Poland. Initially the office will focus on supporting and servicing investment, risk, funds management and distribution, as well as operations.
We announce the launch of the firm’s first ESG Money Market Fund. The State Street ESG Liquid Reserves Fund seeks to apply financially material environmental, social and governance scores to the management of the fund. The fund is the first money market fund to offer a portfolio composed entirely of investments that meet ESG criteria at the time of purchase.
We launch R-Factor™, an innovative ESG scoring system for companies to evaluate their investments and practices. R-Factor supports the development of sustainable capital markets by giving investors the ability to integrate financially material ESG data into their investment decision making while also incentivising companies to improve their ESG practices and disclosure.
1 Diversification does not ensure a profit or guarantee against loss.
2 As of June 30, 2019.
3 Bloomberg L.P.
4 State Street Global Advisors SPDR ETFs as of 8/31/2015.
*Image used with permission of NYSE Group, Inc. © 1993 NYSE Group, Inc. All rights reserved.) Pictured left to right: Harold McGraw III (McGraw Hill Publishing Co), James R. Jones (Chairman of the American Stock Exchange), Mr. Marshall N. Carter (CEO of State Street Corp).