State Street Global Advisors Issues Mid Year ETF & Investment Outlook
June 26 2012 - 10:11AM
Business Wire
State Street Global Advisors (SSgA)*, the asset management
business of State Street Corporation (NYSE: STT), today released a
new report titled, 2012 ETF & Investment Outlook: Sinking or
Swimming?, which focuses on developments shaping market
performance and the Exchange Traded Fund (ETF) industry during the
first half of 2012 and provides an updated investment outlook for
the remainder of the year.
Developed by the SPDR ETF Strategy & Consulting Group, the
report reveals that US ETFs attracted more than $60 billion of
inflows over the first five months of 2012, as 100 new funds were
launched by 17 different providers, including one new entrant to
the market. Amid signs the low interest rate environment will
continue for the foreseeable future, demand for
dividend/fundamental ETFs – the most popular category in 2011 –
remained on top, as investors added $8.9 billion of inflows to
these funds in the first five months of the year. Investors also
increased their exposure to credit/corporate, government credit and
high yield bond ETFs.
“With concerns over job growth in the US top of mind coupled
with Europe’s debt problems, investors continue to put their
savings to work in ETFs that provide alternative sources of yield,”
said Kevin Quigg, global head of ETF Strategy & Consulting at
State Street Global Advisors. “If flows continue at this pace, 2012
will mark the sixth consecutive year that ETFs attract more than
$100 billion in positive cash flows, which is remarkable given the
trajectory of the markets during this period of time.”
In addition to providing an overview of the growth of active
ETFs and updating the three potential market scenarios featured in
the 2012 ETF & Investment Outlook published in January 2012,
the report revisits the two core investment themes expected to
prevail all year – generating income and growth –encouraging
investors to avoid the pitfalls of chasing yield and be mindful of
undervalued, overlooked segments of emerging markets
To download a copy of 2012 ETF & Investment Outlook:
Sinking or Swimming?, 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 $307** billion in SPDR ETF assets
worldwide (as of March 31, 2012) 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.
$68 billion as of March 31, 2012), for which State Street Global
Markets, LLC, an affiliate of State Street Global Advisors serves
as the marketing agent.
All data provided by the SPDR ETF Strategy & Consulting
Group unless otherwise noted.
IMPORTANT RISK INFORMATION
ETFs trade like stocks, 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.
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. ALPS Distributors, Inc., a
registered broker-dealer, is distributor for SPDR S&P 500, SPDR
S&P MidCap 400 and SPDR Dow Jones Industrial Average, all unit
investment trusts, and Select Sector SPDRs. ALPS Distributors, Inc.
is not affiliated with State Street Global Markets, LLC.
SPDRis a registered trademark of Standard & Poor Financial
Services LLC (&P and has been licensed for use by State Street
Corporation. STANDARD & POOR, S&P and S&P 500 are
registered trademarks of Standard & Poor Financial Services
LLC. No financial product offered by State Street Corporation or
its affiliates is sponsored, endorsed, sold or promoted by S&P
or its affiliates, and S&P and its affiliates make no
representation, warranty or condition regarding the advisability of
buying, selling or holding units/shares in such products.
Before investing, consider the funds investment objectives,
risks, charges and expenses. To obtain a prospectus which contains
this and other information, call 1-866-787-2257 or visit
www.spdrs.com. Read it carefully.
CORP-0529
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