Firms aligned closely over the past 18 months to prepare for the
launch of Capital Group’s initial suite of six ETFs
State Street Corporation (NYSE: STT) announced today that it has
begun working with Capital Group on servicing of the investment
management firm’s first actively managed exchange traded funds
(ETF) that launched in February 2022. As part of the appointment,
State Street is providing ETF basket services, fund accounting,
fund administration, order-taking and transfer agency services.
“We’re very excited to be working with Capital Group on the
launch of their first active ETFs,” said Frank Koudelka, Global ETF
Product Specialist at State Street. “The State Street team began
our initial ETF engagement with Capital Group when they formed an
ETF Working Group to research the market and we are very pleased to
see that our partnership has been an important aspect to enable
Capital Group’s foray into ETFs.”
Capital Group launched its first actively managed ETFs,
including one fixed income core plus income strategy, three equity
strategies that invest primarily in the US, and two equity
strategies that cover international and global, respectively. The
funds are listed on the New York Stock Exchange.
- Capital Group Core Plus Income ETF (CGCP)
- Capital Group Growth ETF (CGGR)
- Capital Group Core Equity ETF (CGUS)
- Capital Group Dividend Value ETF (CGDV)
- Capital Group International Focus Equity ETF (CGXU)
- Capital Group Global Growth Equity ETF (CGGO)
“Capital Group is pleased to be working with State Street, an
innovative leader in the ETF industry, for the launch of these
investment strategies,” said Bryan Nielsen, director of ETF
operations, Capital Group. “Their track record with ETFs coupled
with their consultative approach made them an ideal service
partner.”
State Street continues to be an industry leader servicing over
$6.1 trillion in ETF assets, which is close to 60% of global ETF
AUM. Additionally, State Street services close to 70% of ETF AUM in
the United States.i
About State Street Corporation
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 $43.7 trillion in assets
under custody and/or administration and $4.1 trillion* in assets
under management as of December 31, 2021, State Street operates
globally in more than 100 geographic markets and employs
approximately 39,000 worldwide. For more information, visit State
Street's website at www.statestreet.com.
*Assets under management as of December 30, 2021 includes
approximately $61 billion of assets with respect to SPDR® products
for which State Street Global Advisors Funds Distributors, LLC
(SSGA FD) acts solely as the marketing agent. SSGA FD and State
Street Global Advisors are affiliated.
© 2022 State Street Corporation - All Rights Reserved
4672700.1.1.GBL.RTL
About Capital Group
Capital Group, home of the American Funds, has been singularly
focused on delivering superior results for long-term investors
using high-conviction portfolios, rigorous research and individual
accountability since 1931.
As of December 31, 2021, Capital Group manages more than $2.7
trillion in equity and fixed income assets for millions of
individual and institutional investors around the world. Capital
Group manages equity assets through three investment groups. These
groups make investment and proxy voting decisions independently.
Fixed income investment professionals provide fixed income research
and investment management across the Capital organization; however,
for securities with equity characteristics, they act solely on
behalf of one of the three equity investment groups.
For more information, visit capitalgroup.com.
Investments are not FDIC-insured, nor are they deposits of or
guaranteed by a bank or any other entity, so they may lose
value.
Investors should carefully consider investment objectives,
risks, charges and expenses. This and other important information
is contained in the fund prospectuses and summary prospectuses,
which can be obtained from a financial professional and should be
read carefully before investing.
Capital Group exchange-traded funds (ETFs) are actively
managed and do not seek to replicate a specific index. ETFs are
bought and sold through an exchange at the then current market
price, not net asset value (NAV), and are not individually redeemed
from the fund. Shares may trade at a premium or discount to their
NAV when traded on an exchange. Brokerage commissions will reduce
returns. There can be no guarantee that an active market for ETFs
will develop or be maintained, or that the ETF's listing will
continue or remain unchanged.
Statements attributed to an individual represent the opinions of
that individual as of the date published and do not necessarily
reflect the opinions of Capital Group or its affiliates. This
information is intended to highlight issues and should not be
considered advice, an endorsement or a recommendation.
All Capital Group trademarks mentioned are owned by The Capital
Group Companies, Inc., an affiliated company or fund. All other
company and product names mentioned are the property of their
respective companies.
American Funds Distributors, Inc., member FINRA
Your privacy and security are important to us. See our privacy
policy (Canada | Europe & Asia | United States).
© 2022 Capital Group. All rights reserved. 333 S. Hope Street,
Los Angeles, CA 90071 USA
i Based on State Street internal research
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Media: Brendan Paul Bpaul2@statestreet.com +1 401 644
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