State Street Global Advisors Announces New Promotion Agent for SPDR® ETF Business in South America
November 03 2016 - 9:30AM
Business Wire
State Street Global Advisors (SSGA), the asset management
business of State Street Corporation (NYSE:STT), today announced a
partnership with Credicorp Capital which will serve as promotion
agent for SPDR ETFs to institutional investors in Chile, Peru and
Colombia. The partnership, which became effective September 12,
2016, will provide institutional clients throughout the region with
local, dedicated SPDR ETF resources to help meet their portfolio
management needs.
“Latin America is a strategically important market to the SPDR
business and we are pleased to enhance our resources for clients
throughout the Andean region,” said Nick Good, co-head of the
Global SPDR business at State Street Global Advisors. “SSGA’s
global ETF capabilities paired with Credicorp’s deep local
relationships and expertise will result in an improved client
experience.”
“We are thrilled to partner with State Street Global Advisors to
represent their market leading family of SPDR ETFs. The Global SPDR
business is the unquestioned ETF leader for institutional investors
and we look forward to delivering enhanced resources to our clients
across the Region,” said Alejandro Perez Reyes, head of Asset
Management at Credicorp Capital.
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 Corporation. 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 financial professionals and those who rely on
them achieve their investment objectives. We partner with
institutions and financial professionals to help them reach their
goals through a rigorous, research-driven process spanning both
active and index disciplines. We take pride in working closely with
our clients to develop precise investment strategies, including our
pioneering family of SPDR ETFs. With trillions* in assets under
management, our scale and global footprint provide unrivaled access
to markets and asset classes, and allow us to deliver expert
insights and investment solutions.
State Street Global Advisors is the investment management arm of
State Street Corporation.
*Assets under management were $2.4 trillion as of September 30,
2016. AUM reflects approx. $40 billion (as of 9/30/2016) with
respect to which State Street Global Markets, LLC (SSGM) serves as
marketing agent; SSGM and State Street Global Advisors are
affiliated.
About Credicorp Capital
Credicorp Capital is the investment banking platform of
Credicorp Ltd. (NYSE: BAP). The firm is a leading provider of
financial services in the Andean Region including corporate
finance, capital markets, wealth management and asset management
services. Credicorp Capital employs more than 1,000 professionals
across its offices in Peru, Chile, Colombia, UK and US. The firm
manages US$ 8.9 billion in assets and advises an additional US$8.2
billion. In the past five years, Credicorp Capital has placed more
than US$ 29.6 billion in capital market transactions and advised
clients in transactions over US$ 59.4 billion.
Important Information:
Investing involves risk including the risk of loss of
principal.
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.
The information provided does not constitute investment advice
and it should not be relied on as such. It should not be considered
a solicitation to buy or an offer to sell a security. It does not
take into account any investor's particular investment objectives,
strategies, tax status or investment horizon. You should consult
your tax and financial advisor. All material has been obtained from
sources believed to be reliable. There is no representation or
warranty as to the accuracy of the information and State Street
shall have no liability for decisions based on such
information.
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.
© 2016 State Street Corporation - All Rights Reserved
State Street Global Advisors, One Lincoln Street, Boston, MA
02111-2900
CORP-2321Exp. Date: 10/31/17
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State Street CorporationAndrew Hopkins, +1
617-664-2422Ahopkins2@StateStreet.com
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