STT State Street Corporation

State Street Corporation (NYSE: STT), one of the world's leading providers of financial services to institutional investors, announced today the launch of the State Street Fund InsightsSM Valuation Toolkit, the first in a suite of solutions designed to provide timely industry insights for fund managers and directors and help them better manage data.

The first product launched within Fund Insights is the Valuation Toolkit which supplies multiple sources of prior-day prices and fair value levels for securities across multiple vendors and the Fund Insights universe.

“With growing awareness of the complexities and pitfalls in the valuation process, we recognized an opportunity to aggregate industry data and insights and deliver it to our clients in a value-added format,” said Gunjan Kedia, executive vice president in State Street’s Investment Services division. “In this environment of heightened regulatory oversight, asset managers are seeking tools to help perform critical control activities. We are committed to introducing additional solutions that will address these challenges.”

With the Valuation Toolkit, asset managers and fund directors can benchmark prices, observe trends over time, understand factors that cause prices to diverge and obtain data for board-level reporting. Valuation Toolkit users can also view consolidated pricing data for all their holdings, or isolate manually priced activity. Users viewing a single security can obtain the comparative price detail across the vendor and Fund Insights universe or assess the net asset value (NAV) impact of assigning a new valuation to a security.

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 $21.8 trillion in assets under custody and administration and $1.9 trillion* in assets under management at December 31, 2011, State Street operates in 29 countries and more than 100 geographic markets. For more information, visit State Street’s web site at www.statestreet.com.

*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.

State Street (NYSE:STT)
Historical Stock Chart
From Jun 2024 to Jul 2024

State Street (NYSE:STT)
Historical Stock Chart
From Jul 2023 to Jul 2024