State Street Publishes Vision Focus Report on Servicing Exchange Traded Funds
May 10 2010 - 10:00AM
Business Wire
State Street Corporation (NYSE: STT), one of the world’s leading
providers of financial services to institutional investors, today
released its Vision Focus report on the trends, challenges and best
practices in servicing exchange traded funds (ETFs). Entitled “ETF
Servicing: Moving Forward in a Market in Motion,” the report notes
the need for innovation and efficiency in servicing these rapidly
growing investment tools.
ETFs currently account for more than $1 trillion in global
assets under management and remain an efficient, low-cost,
transparent and tax-friendly investment tool. However, ETF sponsors
are facing new challenges as the funds continue to grow rapidly in
both size and type.
“The global expansion of ETFs requires broader knowledge about
the nuances of different country markets and their regulatory
rules,” said Alan Greene, executive vice president of State
Street’s US global services business. “A number of servicing
challenges come with diversification into fixed income and actively
managed products from a base of passively managed domestic equity
ETFs.”
The Vision report goes on to cite such best practices as
Web-based service platforms, flexibility and highly customized
client service provided by staff who share their expertise in
numerous areas of fund administration, including legal, tax and
treasury services.
State Street has utilized its leading-edge technology,
consultative client approach and flexible servicing model to
service ETFs since their inception in 1993.
State Street’s Vision Series addresses topics that affect the
financial services industry today and tomorrow. Previous reports
have focused on pensions, UCITS IV and sovereign wealth funds. To
download a copy of this Vision Focus report or others in State
Street’s Vision series of reports, please visit
www.statestreet.com/vision.
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 $19 trillion in assets under
custody and administration and $1.9 trillion in assets under
management at March 31, 2010, State Street operates in 25 countries
and more than 100 geographic markets worldwide. For more
information, visit State Street’s website at
www.statestreet.com.
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