State Street Global Advisors Issues 2012 ETF & Investment Outlook
January 24 2012 - 12:30PM
Business Wire
State Street Global Advisors (SSgA)*, the asset management
business of State Street Corporation (NYSE: STT), today announced
the availability of 2012 ETF & Investment Outlook: Sink or
Swim. Developed by the SPDR® ETF Strategy & Consulting
Group, the new report features insights on macroeconomic trends
impacting the financial markets and examines key developments
expected to shape the exchange traded funds (ETF) industry and
asset flows in 2012.
According to the report, the US ETF industry grew to over $1.04
trillion in assets under management in 2011 – a 5.5 percent
increase from the previous year with investor inflows offsetting
declining equity prices. During the year, US ETFs attracted $119
billion of new assets, as investors increased their exposure to
fixed income, dividend/fundamental strategies, and developed
markets outside the US.
“Despite significant headwinds facing the financial markets in
2011, investors continued to increase their appetite for ETFs,
which was evidenced by industry assets crossing the trillion dollar
tipping point,” said Kevin Quigg, global head of ETF Strategy &
Consulting at State Street Global Advisors. “Our 2012 investment
outlook is cautious due to the European debt crisis, however, the
ETF industry is well positioned to build on its success in recent
years, as awareness of the benefits of ETFs continues to grow.”
We have outlined 3 potential market scenarios for 2012 in the
report.
The report also highlights two investment themes expected to
prevail regardless of what direction the markets may take. With the
Federal Reserve intending to maintain a low rate environment until
2013 or longer, generating income via higher-yielding fixed income,
dividend producing equities, and hybrid securities is one theme
likely to continue to shape investment decisions in 2012. In an
environment where the growth potential of developed nations seems
relatively muted, another theme projected to garner investor
attention is the opportunity for growth in emerging markets.
In addition to shaping ETF product development in 2012, these
investment themes are also poised to drive asset flows, as an
increasing number of investors use ETFs to implement their
investment strategies.
To download a copy of 2012 ETF & Investment Outlook: Sink
or Swim ,please visit SPDR University (www.spdru.com), State
Street’s award winning online educational resource for investment
professionals or ETF Fact or Fiction (www.etffactorfiction.com), a
new website launched by State Street to provide individual
investors with a comprehensive, trusted resource for ETF
education.
State Street manages more than $274** billion in SPDR ETF assets
worldwide (as of December 31, 2011) and is one of the largest ETF
providers globally.
About SPDR Exchange Traded Funds
SPDR ETFs are a comprehensive family spanning an array of
international and domestic asset classes. SPDR ETFs are managed by
SSgA Funds Management, Inc., a registered investment adviser and
wholly owned subsidiary of State Street Bank and Trust Company. The
funds provide professional investors with the flexibility to select
investments that are precisely aligned to their investment
strategy. Recognized as the industry pioneer, State Street created
the first ETF in 1993 (SPDR S&P 500® – Ticker SPY). Since then,
we’ve sustained our place as an industry innovator through the
introduction of many ground-breaking products, including
first-to-market launches with gold, international real estate,
international fixed income and sector ETFs. For more information,
visit www.spdrs.com.
About State Street Global Advisors
State Street Global Advisors (SSgA) is a global leader in asset
management. The firm is relied on by sophisticated investors
worldwide for its disciplined investment process, powerful global
investment platform and access to every major asset class,
capitalization range and style. SSgA is the asset management
business of State Street Corporation, one of the world’s leading
providers of financial services to institutional investors.
_________________________________________________________
*SPDR ETFs are managed by SSgA Funds Management, Inc., a
registered investment adviser and wholly owned subsidiary of State
Street Bank & Trust Company.
**This AUM includes the assets of the SPDR Gold Trust (approx.
$63 billion as of December 31, 2011), for which State Street Global
Markets, LLC, an affiliate of State Street Global Advisors serves
as the marketing agent.
Important Risk Information:
ETFs trade like stocks, are subject to investment risk,
fluctuate in market value and may trade at prices above or below
the ETFs net asset value. Brokerage commissions and ETF expenses
will reduce returns.
“SPDR” is a registered trademark of Standard & Poor’s
Financial Services, LLC (“S&P”) and has been licensed for use
by State Street Corporation. No financial product offered by State
Street or its affiliates is sponsored, endorsed, sold or promoted
by S&P.
Distributor: State Street Global Markets, LLC, member FINRA,
SIPC, a wholly owned subsidiary of State Street Corporation.
References to State Street may include State Street Corporation and
its affiliates. Certain State Street affiliates provide services
and receive fees from the SPDR ETFs.
Before investing, consider the fund’s investment objectives,
risks, charges and expenses. To obtain a prospectus or summary
prospectus which contains this and other information, call
1-866-787-2257 or visit www.spdrs.com. Read it
carefully.
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