State Street

SPDR ETFs, the exchange traded funds (ETF) platform of State Street Global Advisors (SSgA), has listed a range of physically-backed equity and fixed income ETFs on the London Stock Exchange.

State Street Global Advisors is launching its inaugural UK range of ETFs within the next quarter, as part of plans to launch more than 50 index-tracking funds in the next two years.

The National Employment Savings Trust has appointed State Street Global Advisors, UBS Global Asset Management, and BlackRock to run five mandates for its default fund.

The SEC has charged two employees of Boston-based State Street with misleading investors over exposure to sub-prime debt.

Actively managed ETFs that aim to outperform a given benchmark need transparent and efficient servicing processes to be competitive, according to State Street.

Legg Mason Global Asset Management has appointed State Street to provide its fund administration and custodian services in the UK.

Cheap and easy to set up, ETFs are seen as a major breeding ground for innovation over the coming years