Strategies & Capabilities

Fixed Income

Objective Thinking Yields Innovative Solutions

We are well equipped to address the most complex challenges in fixed income. Across all strategies, sectors and regions, investors rely on us to deliver objective thinking, innovative solutions, quantitative rigor and precise execution.

Our Expertise

$850B+Total Fixed Income AUM

Strategies

100+

Across indexing, active, factor-based, currency and cash management

Institutional Clients

1,000+

Spanning 50 countries

Trading Volume in 2018

$330B+

Plus $1.2T in currency and $19.6T in cash

As of June 30, 2019

Why Us?

Objective Thinking

We bring multiple perspectives — spanning indexing, active, factor-based, currency and cash management — and the resources of the world’s third-largest asset manager to bear for every client.

Innovative Solutions

Our ability to combine various return sources with efficiency and transparency allows us to meet the needs of investors focused on liability-driven investing (LDI) and other outcome-oriented approaches.

Precise Execution

From emerging markets to high-yield — and everything in between — we seek to use our implementation and trading skill to minimize execution risk and transaction costs.

Solving Complex Challenges

Investors, governments and other market participants rely on us to bring new perspectives and innovative solutions to fixed income’s greatest challenges.

1993

Create world's first ETFs

1996-1999

Launch aggregate index offering

Launch aggregate sub-components

2003-2005

Launch US High-Yield Indexed strategy

Launch Indexed Asian Local Bond strategy (including onshore China)

Launch first ESG fixed income mandate

2008-2010

Assist US Treasury and ECB following financial crisis

Launch specially crafted LDI fixed income funds

Launch US Convertible Bond Indexed ETF

2011-2015

Launch Indexed Local EM Bond Fund

Launch factor-driven fixed income strategies

2016-2018

Launch Multi-Factor EM Bond strategy

Lauch Quality Growth EM Currency strategy

Launch Low-Carbon Corporate Bond strategy

Important Disclosure: ETFs managed by State Street Global Advisors have the oldest inception dates within the US, Hong Kong, Australia, and Singapore. State Street Global Advisors launched the first ETF in the US on January 22, 1993; launched the first ETF in Hong Kong on November 11, 1999; launched the first ETF in Australia on August 24, 2001; and launched the first ETF in Singapore on April 11, 2002.

Meet the Team

We have more than 140 dedicated fixed income professionals globally. Each of our strategies is backed by teams focused on quantitative analysis, trading, investment and liquidity risk, and environmental, social and governance (ESG) integration.

Matt Steinaway, CFA

Global Chief Investment Officer

Matthew Nest, CFA

Global Head of Macro Strategies

Venky Venkataramani, CFA

Global Head of Fixed Income Beta

Ramu Thiagarajan, PhD

Global Head of Fixed Income, Cash & Currency Research

Pia McCusker

Global Head of Cash Management

Our Latest Thinking

Low Yields In Historical Context: Breaking The Narrative Of Rising Rates

After more than a decade of persistently lower fixed income yields, is it time to challenge the perception that interest rates can return to 'normal' levels in the near future?

Disclosures

Investing involves risk including the risk of loss of principal.

The whole or any part of this work maynot be reproduced, copied or transmitted or any of its contents disclosed to third parties without SSGA’s express written consent.

The information provided does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon.You should consult your tax and financial advisor. All material has been obtained from sources believed to be reliable. There is no representation or warranty as to the accuracy of the information and State Street shall have no liability for decisions based on such information.

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This information is for informational purposes only, not to be construed as investment advice or a recommendation or offer to buy or sell any security. Investors should always obtain and read an up-to-date investment services description or prospectus before deciding whether to appoint an investment manager or to invest in a fund. Any views expressed herein are those of the author(s), are based on available information, and are subject to change without notice. Individual portfolio management teams may hold different views and may make different investment decisions for different clients. There are no guarantees regarding the achievement of investment objectives, target returns, portfolio construction, allocations or measurements such as alpha, tracking error, stock weightings and other information ratios. The views and strategies described may not be suitable for all investors. SSGA does not provide tax or legal advice. Prospective investors should consult with a tax or legal advisor before making any investment decision. Investing entails risks and there can be no assurance that SSGA will achieve profits or avoid incurring losses.

Performance quoted represents past performance, which is no guarantee 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.

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