State Street Investment Analytics Announces Master Trusts Gained 19.4% in 2009
February 08 2010 - 1:00PM
Business Wire
State Street Corporation (NYSE:STT), one of the world’s leading
providers of financial services to institutional investors,
announced today that the median return of its universe of total
plans rose 3.1% in the 4th Quarter and 19.4% for the year ended
December 2009, rebounding from the 24.6% loss in 2008. The State
Street Universe (SSU) consists of a diverse range of North American
funds custodied at State Street and funds provided by the
Independent Consultants Cooperative. It includes both the total
plans of a wide range of plan sponsors and the individual funds
that comprise each plan.
Plans smaller than $1 billion outperformed larger plans this
year (19.8% vs. 17.6%). Endowments & Foundations had the
highest returns for the year (up 21.3%) while Public Funds and Taft
Hartley gained only 18.5% and 18.4%, respectively.
International Emerging Market Equity funds rebounded sharply in
2009, rising 77.0% after decreasing 51.1% in 2008. Other types of
equity funds also performed strongly: International Developed
Market Equity Funds rose 33.4% and US Equity Funds, 30.1%. Fixed
income funds also did well in 2009: Global Fixed Income Funds were
up 17.8% and US Fixed Income Funds gained 11.8%. Real Estate funds
lost 28.8% in 2009, but were down only 1.5% in the 4th Quarter.
“The returns evidenced by the State Street Universe mirror and
reinforce the perception of a general market improvement,” said
William Pryor, senior vice president and head of State Street
Investment Analytics. “Whether that improvement will carry on or
not into 2010 no one can predict, however, we are entering the year
with positive momentum which is a distinguished difference from the
market tone at the end of 2008.”
About State Street
State Street Corporation (NYSE: STT) is one of the world's
leading providers of financial services to institutional investors
including investment servicing, investment management and
investment research and trading. With $18.8 trillion in assets
under custody and administration and $1.9 trillion in assets under
management at December 31, 2009, State Street operates in 25
countries and more than 100 geographic markets worldwide. For more
information, visit State Street’s web site at
www.statestreet.com.
About State Street Investment Analytics (SSIA)
State Street’s Investment Analytics (SSIA) Group provides
performance, analytics, risk and compliance services and employs a
staff of more than 500 dedicated investment performance
professionals in 14 offices worldwide. SSIA serves approximately
1,100 customers with asset volumes exceeding $5.5 trillion, helping
customers monitor and measure the success of their investment
strategies in any market and in any asset class, including
alternative investments.
About the Independent Consultants Cooperative
The Independent Consultants Cooperative is a consortium of
independent investment consulting firms that deliver superior
value-added products to their clients. The ICC is currently
comprised of thirteen well-established firms located across the
country that collectively consult to 10% of the industry’s
institutional assets. In order to avoid conflicts of interest, none
of the ICC member firms offers investment management services.
Rather, the ICC focuses solely on the continuous refinement of
investment consulting products, systems and diagnostic databases
for the collective benefit of their clientele. For more information
about the Independent Consultants Cooperative and its member firms,
visit the web site at www.icc-group.com.
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