State Street Global Advisors (SSGA), the asset management arm of
State Street Corporation (NYSE: STT), announced today the launch of
the SPDR Bond Compass, a quarterly publication intended to provide
investment professionals with quality data and investment outlooks,
which they can use to engage their clients on fixed income
investment strategies.
The Bond Compass uses proprietary research from State Street
Global Markets, the research and trading division of State Street,
and provides unique insight into how investors are positioning
their portfolios.
“The overall sense from our metrics is that, despite recent
volatility, investors remain cautiously optimistic about growth in
the medium term,” commented Michael Metcalfe, global head of Macro
strategy for State Street Global Markets. “Bond flows are
indicating that investors view inflation as broadly benign and are
not currently troubled by the inflationary outlook, a trend
confirmed by our online metrics through early October. What we are
seeing is a re-assessment of risk and a review of holdings across
the curve, but not wholesale protection purchasing. If you add to
that some modest buying of credit, the flows seem to indicate that
long term investors are not panicking just yet.”
The analysis shows current indicators of investor holdings in a
variety of fixed income instruments and overlays buying and selling
behaviours from the past quarter. These data points provide deep
insight into investor sentiment and allow observers the opportunity
to cut through the noise of the market to see the reality of the
investor positions beneath. The contrast between existing holdings
and recent buying trends enables additional insight into investor
outlook for exposure in the future.
“Clients’ use of Fixed Income ETFs continues to expand and
investors are increasingly looking for valued-added insights to
tailor bond portfolios for the current market,” said Matt
Bartolini, head of SPDR Americas Research at State Street Global
Advisors. “Throughout the year we have seen investors de-risk
credit portfolios, moving from fixed-rate high-yield ETFs to loans,
while also shortening duration and adding some principal
preservation. As a result short-term government bond ETFs have seen
a 59 percent increase in assets. The Bond Compass provides data
driven insights our clients need, along with our timely investment
outlook and the necessary tools for action.”
State Street Global Advisors manages $376 billion in fixed
income assets, managing over 30 currencies across 40 countries and
90 fixed income strategies.
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 $2.67 trillion as of September
30, 2017. AUM reflects approx. $36 billion (as of September 30,
2017) with respect to which State Street Global Advisors Funds
Distributors, LLC (SSGA FD) serves as marketing agent; SSGA FD and
State Street Global Advisors are affiliated. Please note that AUM
totals are unaudited.
Important Risk Information
In general, ETFs can be expected to move up or down in value
with the value of the applicable index. Although ETF shares may be
bought and sold on the exchange through any brokerage account, ETF
shares are not individually redeemable from the Fund.
Investors may acquire ETFs and tender them for redemption
through the Fund in Creation Unit Aggregations only. Please see the
prospectus for more details.
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.
Standard & Poor’s, S&P and SPDR are registered
trademarks of Standard & Poor’s Financial Services LLC, a
division of S&P Global (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 Advisors Funds
Distributors, LLC, member FINRA, SIPC, an indirect 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.
Before investing, consider the funds’ 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 spdrs.com. Read it carefully.
State Street Global Advisors Funds Distributors, LLC, member
FINRA, SIPC, 1 Iron Street Boston, MA 02210.
Not FDIC Insured - No Bank Guarantee - May Lose Value
Exp: 10/31/19
2295178.1.1.AM.RTL
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State Street CorporationBrendan Paul, +1
617-662-2903BPaul2@StateStreet.com
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