State Street Investment Analytics Announces Master Trusts Universe Results for the Second Quarter 2010
July 27 2010 - 1:00PM
Business Wire
State Street Corporation (NYSE:STT), one of the world’s leading
providers of financial services to institutional investors, today
announced that the median return of the State Street Universe (SSU)
of total plans fell 4.4% in the second quarter of 2010, versus a
3.4% gain in the prior quarter. For the year ended June 30, 2010,
the plans earned 13.1%. The SSU consists of a diverse range of
funds custodied at State Street and funds provided by the
Independent Consultants Cooperative (ICC). It includes the total
plans of a wide range of plan sponsors and the individual funds
that comprise each plan. The approximately 20,000 portfolios in the
State Street Universe constitute a combined asset value exceeding
$2 trillion.
In the first quarter, master trust funds of greater than $1
billion fell 4.0%, losing less than smaller master trust funds,
which fell 4.4%. Corporate Plans were up 14.3%, with the highest
returns for the year ending June 30, 2010 while Public Funds gained
the least, rising 12.7%. For the quarter, plan results all fell
within a narrow range.
The State Street Universe
(SSU)
Periods Ending June 30,
2010
Median Return
Universe Name
One Quarter
One Year
Three Years
Five Years
Master Trust Funds -4.4 13.1 -3.0
3.1 Master Trust Funds > $1 Billion -4.0
13.1 -3.8 3.1 Master Trusts < $1
Billion -4.4 13.2 -2.8 3.1
Corporate Plans (DB) -4.6 14.3 -2.9 3.4
Endowments & Foundations -4.5 13.7
-3.2 3.2 Public Funds (DB) -4.9 12.7
-3.8 2.7 Taft Hartley Plans (DB) -4.7
13.2 -3.6 2.3
US Equity Funds fell 10.8% in the first quarter, trailing
International Emerging Market Funds, but less than International
Developed Market Equity Funds which lost 12.3%. Although
International Emerging Market Equity funds fell 8.4% in the second
quarter, on a year-over-year basis they rebounded sharply, rising
23.3% in the last 12 months after plummeting 28.0% in the prior
year. For the year ending June 30, 2010, US Equity Funds also
showed strong gains, up 16.6%. Fixed Income Funds also did well
over the last 12 months, with Global Fixed Income Funds up 11.0%
and US Fixed Income Funds rising 12.4%.
The State Street Universe
(SSU)
Periods Ending June 30,
2010
Median Return
Universe Name
One Quarter
One Year
Three Years
Five Years
US Equity Funds -10.8 16.6 -8.4 0.5
Global Equity Funds -11.4 12.3 -10.1
3.0 Intl Equity Funds – Developed Mkts -12.3 9.0
-11.2 2.7 Intl Equity Funds – Emerging Mkts
-8.4 23.3 -2.8 12.3 US Fixed Income Funds
2.9 12.4 7.5 5.9 Global Fixed Income
Funds 1.2 11.0 7.9 5.9 Venture Capital
Funds 0.4 11.2 -0.7 5.7 Hedge Funds
-1.6 9.0 -1.8 4.0
State Street’s Investment Analytics team offers services through
global locations including Alameda, Amsterdam, Boston, Dublin,
Edinburgh, Frankfurt, London, Luxembourg, New York, Paris, Sydney,
Toronto and Zurich. It calculates performance and analytics for
over 1100 clients globally on asset volumes exceeding $6.5
trillion.
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
About State Street Corporation
State Street Corporation (NYSE: STT) is the world's leading
provider 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 $1.8 trillion in assets under management at June
30, 2010, 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.
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