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State Street Investment Management
State Street Investment Management — formerly State Street Global Advisors (SSGA) — is an American investment management division of State Street Corporation founded in 1978 and the world's fourth largest asset manager, with nearly US$4.1 trillion in assets under management as of December 31, 2023. State Street Investment Management operates as a subsidiary of State Street Bank and Trust Company.
The company services financial clients by creating and managing investment strategies for governments, corporations, endowments, non-profit foundations, corporate treasurers and CFOs, asset managers, financial advisors and other intermediaries around the world. State Street Investment Management employs 2,500 people in 28 countries.
State Street Global Advisors, the asset management division of State Street Corporation, was founded in 1978 in Boston, Massachusetts.
Its first three products were a domestic index fund, an international index fund (based on the MSCI EAFE index), and a short-term investment fund. By 1989 the division had $53 billion (USD) in assets under management.
In 1990 State Street Global Advisors was formed as a separate entity from State Street Bank with the mission of expanding globally: first London, 10 more international locations by 1994, with 15 by 1999.
SSGA invented the investment vehicle known as the exchange-traded fund (ETF) in 1993 with the introduction of the S&P 500 SPDR product (Ticker: NYSE Arca: SPY), which is traded on the American Stock Exchange. SSGA is the number three ETF manager in the world after BlackRock and Vanguard.
Assets under management climbed to $161 billion (USD) in 1994 and more than quadrupled to $667 billion by 1999.
As of 2006, one-third of assets under management were from non-US investors.
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State Street Investment Management
State Street Investment Management — formerly State Street Global Advisors (SSGA) — is an American investment management division of State Street Corporation founded in 1978 and the world's fourth largest asset manager, with nearly US$4.1 trillion in assets under management as of December 31, 2023. State Street Investment Management operates as a subsidiary of State Street Bank and Trust Company.
The company services financial clients by creating and managing investment strategies for governments, corporations, endowments, non-profit foundations, corporate treasurers and CFOs, asset managers, financial advisors and other intermediaries around the world. State Street Investment Management employs 2,500 people in 28 countries.
State Street Global Advisors, the asset management division of State Street Corporation, was founded in 1978 in Boston, Massachusetts.
Its first three products were a domestic index fund, an international index fund (based on the MSCI EAFE index), and a short-term investment fund. By 1989 the division had $53 billion (USD) in assets under management.
In 1990 State Street Global Advisors was formed as a separate entity from State Street Bank with the mission of expanding globally: first London, 10 more international locations by 1994, with 15 by 1999.
SSGA invented the investment vehicle known as the exchange-traded fund (ETF) in 1993 with the introduction of the S&P 500 SPDR product (Ticker: NYSE Arca: SPY), which is traded on the American Stock Exchange. SSGA is the number three ETF manager in the world after BlackRock and Vanguard.
Assets under management climbed to $161 billion (USD) in 1994 and more than quadrupled to $667 billion by 1999.
As of 2006, one-third of assets under management were from non-US investors.