Sphere Investments Selects State Street as Custodian
October 17 2016 - 12:30PM
Business Wire
State Street Supports Launch of Only Currency Hedged, Smart Beta
Emerging Markets ETF in Canada
Canada’s newest exclusively-smart beta ETF provider, Sphere
Investments, has selected State Street (NYSE: STT) as its custodian
of record for its new series of funds. In April 2016, Sphere
Investments and State Street launched four new Sustainable Yield
ETF products on the Toronto Stock Exchange. Today they launched the
final ETF in the Sustainable Yield suite, Sphere FTSE Emerging
Markets Sustainable Yield Index ETF (SHZ). SHZ is the only currency
hedged, smart beta Emerging Markets ETF in Canada.
“We’re excited to be working closely with a partner like State
Street as we launch our initial suite of ETFs,” said Lewis Bateman,
founder and chief executive officer, Sphere Investments. “We look
forward to benefitting from an experienced team and having State
Street as a key partner as we bring new solutions to Canadian
investors.”
“We are thrilled to be working together with Sphere Investments,
and are excited to play a part in their market success as they
continue to launch new and innovative products for Canadian
investors,” said Rob Baillie, head of State Street Canada. “The
appointment reflects State Street’s strong commitment to Canada as
one of our key markets and our strength as a leading provider of
services for ETF providers like Sphere.”
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 $27.78 trillion in assets
under custody and administration and $2.3 trillion* in assets under
management as of June 30, 2016, State Street operates in more than
100 geographic markets worldwide, including the US, Canada, Europe,
the Middle East and Asia. For more information, visit State
Street’s website at www.statestreet.com.
* Assets under management were $2.30 trillion as of June 30,
2016. AUM reflects approx. $40 billion (as of June 30, 2016) with
respect to which State Street Global Markets, LLC (SSGM) serves as
marketing agent; SSGM and State Street Global Advisors are
affiliated.
About Sphere Investments
Sphere Investment Management Inc. (SIMI) is the provider of an
integrated wealth management platform based on ETFs. Founded in
2015, Sphere was established with a philosophy of providing
Canadians with leading investment solutions based on factor-tilted
methodologies that are: innovative, diversified, low cost, tax
efficient, transparent and tailored to investor risk/return
profiles. For more information visit: www.sphereetfs.com.
CORP-2260
State Street Corporation, One Lincoln Street, Boston, MA
02111-2900and 30 Adelaide Street East Suite 500, Toronto, Ontario
M5C 3G6. T: +647 775 5900.
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version on businesswire.com: http://www.businesswire.com/news/home/20161017006165/en/
State Street CorporationJulie Kane,
+1-617-664-3001JEKane@statestreet.com@StateStreetorSphere
Investment Management Inc.Matthew Coorsh,
416-895-0769mcoorsh@sphereetfs.com
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