State Street Global Advisors and DoubleLine to host joint
webcast on outlook for fixed income investing
State Street Global Advisors (SSGA), the asset management
business of State Street Corporation (NYSE:STT), today announced
that assets in the SPDR DoubleLine Total Return Tactical ETF (NYSE
Arca:TOTL) have surpassed US $1 billion. Developed through a
partnership between SSGA and DoubleLine Capital, TOTL was launched
on February 23, 2015, and has attracted over $1 billion of asset
inflows during its first six months – making it the fastest growing
ETF launched in 2015.1
“With the possibility of higher interest rates in the near
future, but the need for income remaining paramount, investors are
reevaluating their approach to managing the core of their fixed
income portfolios,” said James Ross, executive vice president and
global head of SPDR Exchange Traded Funds at State Street Global
Advisors. “TOTL offers the active management expertise and skill of
DoubleLine and this asset milestone illustrates both the shared
challenges and appeal of the solution offered through this SPDR ETF
to institutions, financial advisors and retail investors.”
Managed by Jeffrey Gundlach, chief executive officer and chief
investment officer of DoubleLine Capital, Philip Barach, DoubleLine
president, and Jeffrey Sherman, portfolio manager and member of the
firm’s Fixed Income Asset Allocation Committee, TOTL combines
traditional fixed income investment sectors of the Barclays U.S.
Aggregate Bond Index and fixed income asset classes outside the
index with the goal of maximizing total return over a full market
cycle through active sector allocation and security selection.
On Monday, September 21, State Street Global Advisors and
DoubleLine Capital will host a joint webcast entitled The Road
Ahead: What’s Next for Fixed Income. Participating in a Q&A
discussion moderated by Consuelo Mack, James Ross and Jeffrey
Gundlach will discuss their outlook for fixed income investing in
the wake of any announcements from the Federal Reserve’s latest
FOMC meeting. For more information on the webcast and to
pre-register, click here.
For more information on how ETFs are being used to design
strategies for a new fixed income environment, click here to
download a copy of “Fixed Income: The Tide May Be Turning.”
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 investors with the flexibility to select investments
that are precisely aligned to their investment strategy. Recognized
as an industry pioneer, State Street created the first US listed
ETF in 1993 (SPDR S&P 500® – Ticker SPY) and has remained on
the forefront of responsible innovation, as evidenced by 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
For nearly four decades, State Street Global Advisors has been
committed to helping our clients, and those who rely on them,
achieve financial security. We partner with many of the world’s
largest, most sophisticated investors and financial intermediaries
to help them reach their goals through a rigorous, research-driven
investment process spanning both indexing and active disciplines.
With trillions* in assets, our scale and global reach offer clients
unrivaled access to markets, geographies and asset classes, and
allow us to deliver thoughtful insights and innovative
solutions.
State Street Global Advisors is the investment management arm of
State Street Corporation.
*Assets under management were $2.4 trillion as of June 30, 2015.
Assets under management include approximately $26.7 billion (as of
June 30, 2015), for which State Street Global Markets, LLC, an
affiliate of SSgA, serves as the distribution agent.
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.
Frequent trading of ETFs could significantly increase
commissions and other costs such that they may offset any savings
from low fees or costs.
The values of debt securities may decrease as a result of many
factors, including, by way of example, general market fluctuations;
increases in interest rates; actual or perceived inability or
unwillingness of issuers, guarantors or liquidity providers to make
scheduled principal or interest payments; illiquidity in debt
securities markets; and prepayments of principal, which often must
be reinvested in obligations paying interest at lower rates.
Investing in high yield fixed income securities, otherwise known
as "junk bonds", is considered speculative and involves greater
risk of loss of principal and interest than investing in investment
grade fixed income securities. These Lower-quality debt securities
involve greater risk of default or price changes due to potential
changes in the credit quality of the issuer.
Increase in real interest rates can cause the price of
inflation-protected debt securities to decrease. Interest payments
on inflation-protected debt securities can be unpredictable.
Investments in asset backed and mortgage backed securities are
subject to prepayment risk which can limit the potential for gain
during a declining interest rate environment and increases the
potential for loss in a rising interest rate environment.
Government bonds and corporate bonds generally have more
moderate short-term price fluctuations than stocks, but provide
lower potential long-term returns.
Foreign investments involve greater risks than U.S. investments,
including political and economic risks and the risk of currency
fluctuations, all of which may be magnified in emerging
markets.
Actively managed funds do not seek to replicate the performance
of a specified index. An actively managed fund may underperform its
benchmark. An investment in the fund is not appropriate for all
investors and is not intended to be a complete investment program.
Investing in the fund involves risks, including the risk that
investors may receive little or no return on the investment or that
investors may lose part or even all of the investment.
Non-diversified funds that focus on a relatively small number of
issuers tend to be more volatile than diversified funds and the
market as a whole.
DoubleLine® is a registered trademark of DoubleLine Capital
LP.
Standard & Poor’s, S&P and SPDR are registered
trademarks of Standard & Poor’s Financial Services LLC
(S&P); Dow Jones is a registered trademark of Dow Jones
Trademark Holdings LLC (Dow Jones); and these trademarks have been
licensed for use by S&P Dow Jones Indices LLC (SPDJI) and
sublicensed for certain purposes by State Street Corporation. State
Street Corporation’s financial products are not sponsored,
endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their
respective affiliates and third party licensors and none of such
parties make any representation regarding the advisability of
investing in such product(s) nor do they have any liability in
relation thereto, including for any errors, omissions, or
interruptions of any index.
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. State Street Global Markets,
LLC is the distributor for all registered products on behalf of the
advisor. The advisor, SSgA Funds Management, Inc., has retained
DoubleLine Capital LP as the sub-advisor.
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.
Not FDIC Insured * No Bank Guarantee * May Lose Value
CORP-1565
Exp Date: 10/20/15
1 Bloomberg
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version on businesswire.com: http://www.businesswire.com/news/home/20150909005366/en/
State Street CorporationBrendan Paul, +1
617-662-2903Bpaul2@StateStreet.comorTroy Mayclim, +1
914-686-5552tmayclim@riverinc.com
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