State Street Global Advisors

Definition

State Street Global Advisors (SSGA) is the investment management division of State Street Corporation, specializing in asset management and investment advisory services. SSGA is known for its role as a pioneer in exchange-traded funds (ETFs) and index investing.

5 Must Know Facts For Your Next Test

1. SSGA manages over $4 trillion in assets, making it one of the largest asset managers globally.
2. It launched the first U.S.-listed ETF, SPDR S&P 500 ETF (SPY), which tracks the S&P 500 Index.
3. SSGA provides investment strategies across various asset classes including equities, fixed income, and alternatives.
4. The firm emphasizes environmental, social, and governance (ESG) criteria in its investment processes.
5. SSGA's capabilities include customized portfolio solutions for institutional investors.

Review Questions

• What significant milestone did SSGA achieve with the launch of SPDR S&P 500 ETF?
• How does SSGA incorporate ESG criteria into its investment strategies?
• What types of asset classes does State Street Global Advisors manage?

Related terms

Exchange-Traded Fund (ETF): A type of security that involves a collection of securities—such as stocks—that often tracks an underlying index.

Index Investing: An investment strategy that aims to replicate and hold a broad market index or specific benchmark.

Environmental, Social, Governance (ESG): Criteria used to screen investments based on their adherence to environmental responsibility, social practices, and corporate governance.