State Street Global Advisors (SSgA) is the investment management division of State Street Corporation and the world’s largest institutional asset manager^[1]. As of December 31, 2006, SSgA had $1.7 trillion (USD) in assets under management ^[2]. The company services financial clients by creating and managing investment strategies for non-profit foundations, businesses, corporations, associations, governments, educational institutions, and religious organizations. In addition to institutional services, SSgA produces investment vehicles for the retail market in the United States, Europe, Asia, and Australia. SSgA employs 1700 people in 25 locations (11 of which handle assets) around the world. William W. Hunt is the current president and chief executive officer. State Street Corporation (NYSE: STT) is a financial services company based in Boston, Massachusetts. ... Assets under management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to guage how much money they are managing. ...

History

The asset management division of State Street Bank was founded in 1978 in Boston, Massachusetts. Its first three products were a domestic index fund, an international index fund (based on the MSCI EAFE index), and a short-term investment fund. By 1989 the division had $53 billion (USD) in assets under management. Nickname: City on the Hill, Beantown, Athens of America, The Hub (of the Universe)1 Location in Massachusetts, USA Coordinates: Country United States State Massachusetts County Suffolk County Government  - Mayor Thomas M. Menino (D) Area  - City  89. ...

In 1990 State Street Global Advisors was formed as a separate entity from State Street Bank with the mission of expanding globally. SSgA opened its first global office in London. By 1994 SSgA had offices in Brussels, Hong Kong, Toronto, Paris, Sydney, Tokyo, Dubai, San Francisco, Montreal, and Atlanta. Between 1995 and 1999 five more offices opened in Munich, Zürich, Santiago, Singapore, and Chicago. From 2000 to 2006 SSgA set up operations in Milan in Melbourne. This article is about the capital of England and the United Kingdom. ... Nickname: The Capital Of Europe, Comic City City of a 100 Museums[] Map showing the location of Brussels in Belgium Coordinates: Country Belgium Region Brussels-Capital Region Founded 979 Founded (Region) June 18, 1989  - Mayor (Municipality) Freddy Thielemans Area    - City 162 (Region) km²  (62. ... City flag City coat of arms Motto: Fluctuat nec mergitur (Latin: Floating not submerging) Paris Eiffel tower as seen from the esplanade du Trocadéro. ... The Sydney Opera House on Sydney Harbour Sydney (pronounced ) is the most populous city in Australia, with a metropolitan area population of over 4,200,000 people, and 151,920, in the city limits. ... This article or section does not adequately cite its references or sources. ... Coordinates: Emirate Dubai Government  - Sheikh Mohammed bin Rashid Al Maktoum Area [1]  - Metro 4,114 km² (1,588. ... This page is a candidate for speedy deletion. ... Nickname: City of Mary (Ville-Marie) Motto: Concordia Salus (salvation through harmony) Coordinates: Country Canada Province Quebec Founded 1642 Established 1832 Government  - Mayor Gérald Tremblay Area [1] [2] [3]  - City 365. ... This article is about the state capital of Georgia. ... Munich (German: , pronounced  ; Austro-Bavarian: Minga; Italian: Monaco; Latin language: Monacum) is the capital of the German Federal State of Bavaria (German: ). Munich is Germanys third largest city and one of Europes most prosperous. ... View of the inner city with the four main churches visible, and the Albis in the backdrop Zürich (German: , Zürich German: Züri , French: , in English generally Zurich, Italian: ) is the largest city in Switzerland (population: 366,145 in 2004; population of urban area: 1,091,732) and... Santiago, one of the names and/or surnames by which Saint James is known in the Hispanic and Lusitanic world, may also refer to: // Santiago, Chile, capital of Chile Santiago de Cali, second largest city in Colombia Santiago de Compostela, administrative capital of Galicia, Spain Santiago de Cuba, second largest... Nickname: Motto: Urbs In Horto (Latin: City in a Garden), I Will Location in Chicagoland and Illinois Coordinates: Country United States State Illinois County Cook & DuPage Incorporated March 4, 1837 Government  - Mayor Richard M. Daley (D) Area  - City  234. ... Milan (Italian: ; Lombard: Milán (listen)) is one of the biggest cities in Italy, located in the plains of Lombardy. ... Melbournes CBD has grown to straddle the Yarra River in three major precincts. ...

SSgA invented the investment vehicle known as the exchange-traded fund (ETF) in 1993 with the introduction of the S&P 500 SPDR product (Ticker: [SPY]) ^[3], which is traded on the American Stock Exchange. SPY remains the largest ETF in the market ^[4]. SSgA is the number two ETF manager in the world second only to Barclays Global Investors. Exchange-traded funds (or ETFs) are open-ended collective investment schemes, traded as shares on most global stock exchanges. ... To meet Wikipedias quality standards, this article or section may require cleanup. ... The American Stock Exchange (AMEX) is an American stock exchange situated in New York. ... Barclays Global Investors is a division of British based Barclays Bank which specialises in asset management. ...

Assets under management climbed to $161 billion (USD) in 1994 and more than quadrupled to $667 billion by 1999.

Since 2000, SSgA has focused on increasing its client based outside of the United States and developing actively-managed investment products. As of 2006, one-third of assets under management were from non-US investors.

In 2003, SSgA's Boston office moved to the newly completed State Street Financial Center building at One Lincoln Street. State Street Financial Center, located at One Lincoln Street in Boston, Massachusetts, is the headquarters of the State Street Corporation. ...

SSgA launched the first foreign real estate ETF in 2006 (Ticker: RWX) ^[5], which provides investors in the US an easy way to access the international housing and commercial development markets.

Products and Services

SSgA creates customized investment strategies for institutions. SSgA manages the assets for clients by setting up commingled funds (otherwise known as common trust funds).

In addition to institutional products, SSgA has 46 ETF investment products in the US market, as of March 2007. The ETFs track international and domestic indices based on market capitalization, investment style, sector, industry, or commodity. ETF products are also available in other parts of the world such as Belgium, France, Hong Kong, and Singapore under the streetTracks brand.

SSgA has 26 Mutual Fund products divided by investment type: money markets, bonds, equities, and diversified funds of funds (also known as life style funds).

SSgA partners with seven companies in various markets to produce local investment strategies for clients. They are Advanced Investment Partners; Asian Direct Capital Management; GovernanceMetrics International (GMI); Innovest Strategic Value Advisors, Inc.; Rexiter Capital Management, Limited; Shott Capital Management, LLC; SSARIS Advisors, LLC; The Tuckerman Group, LLC; and Wilton Asset Management, LLC.

External links

• State Street Global Advisors home page
• SSgAFunds.com – SSgA's site for exchange traded funds (ETFs) and mutual funds

Notes

1. ^ #1 Worldwide Institutional Assets (Pensions & Investments - May 29, 2006)
2. ^ About SSgA from SSgA.com
3. ^ Article on SPDR Funds from The Street
4. ^ Ranked #1 in net assets as of July 7, 2006
5. ^ "New real-estate ETF is a globe-trotter" from Dow Jones Market Watch