For four decades, State Street Global Advisors has served the world’s governments, institutions and financial advisors. With a rigorous, risk-aware approach built on research, analysis and market-tested experience, we build from a breadth of active and index strategies to create cost-effective solutions. As stewards, we help portfolio companies see that what is fair for people and sustainable for the planet can deliver long-term performance. And, as pioneers in index, ETF, and ESG investing, we are always inventing new ways to invest. As a result, we have become the world’s third largest asset manager with US $2.51 trillion* under our care. *AUM reflects approximately $32.45 billion (as of December 31, 2018), 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.
Four Factors Are Driving Future Growth of Fixed Income ETFs
The Big What If: Amazon and Blue Origin Disrupt the Federal Contract Market?
When Amazon isn’t processing your orders for a new phone case and groceries, it’s busy pursuing billion-dollar federal contracts in cloud computing. Amazon founder Jeff Bezos is also after aerospace contracts for his privately held Blue Origin, a rocket manufacturer and suborbital spaceflight company. This month, both companies will be involved in rulings that could disrupt the federal contract market.
Uncommon Sense: Giving Thanks – Feasting on Stock Market Highs with All the Trimmings
Despite slowing global economic growth, stagnant corporate profits, volatile trade tensions and rising geopolitical risks, US stocks continue to reach all-time highs. In addition, spreads between US Treasury and corporate bond yields remain historically tight, suggesting a sanguine environment for credit markets.
Survey Finds Investors Are Focused on Controlling Risk in Year Ahead [2020 ETF Market Outlook Series, Part 1]
Charting the Market: What to Make of the Stock Market’s Climb to a New All-Time High
SPDR® ETFs Chart Pack: Key Charts to Help Navigate the Market November 2019 Edition
Spotting Trends: 3 Sectors to Consider in Q4
Q&A: Why Bond ETFs Use Sampling to Replicate an Index
As I discussed in previous blogs, index tracking methodology for equities can be constructed using either a full replication (where an ETF holds all of the securities that make up the index in their respective weights) or optimization (where an ETF holds a subset of securities that closely resemble the index.) Index tracking methodology for fixed income ETFs can be full replication as well, but it can also work a little differently by using a sampling strategy.
Prepare FX Hedges For USD Bear Market Risk
September ETF Flows: Throwing on the Noise Cancellers
Germany’s Brexit Malady
The September flash manufacturing purchasing managers’ indices (PMI) out of Europe were, without a doubt, this week’s biggest data disappointment. The German Manufacturing PMI, in particular, bucked expectations for an improvement and sank 2.1 points to a new post-global financial crisis low of 41.4.
Investors Are Choosing Fixed Income ETFs – Here’s Why
The Big What If: Increasing Tension with Iran Derails US-China Trade Talks?
Despite a fresh round of summer tariffs on China, optimism took hold with the post- Labor Day announcement that the next round of US-China trade negotiations would take place in Washington, DC in October. However, just days after that good news, a seemingly unrelated event – the end of the Joint Comprehensive Plan of Action (JCPOA), known as the Iran Deal – threatens to derail trade talks before they begin.
Low Yields In Historical Context: Breaking The Narrative Of Rising Rates
SPDR® ETFs Chart Pack: Key Charts to Help Navigate the Market September 2019 Edition
Replicating Broad Market Beta with Sectors
Positioning For Uncertainty Amid The Current Market Turmoil
Why Indexed Approaches May Not Be Enough For Equity Investors To Benefit From The Emerging Markets Growth Story
Investing In The Age Of De-Globalization
From a macro perspective, de-globalisation should therefore work like globalisation in reverse, though this is unlikely to be in a perfectly symmetrical manner. Trade-dependent economies are most vulnerable, with small to middle open economies challenged to revamp their growth models.
Guarding Portfolios Against Greater Volatility
As the longest bull market on record runs onwards, aided by unusually accommodative policy for this point in the cycle, we would expect to see volatility rise across a range of asset classes amid greater policy and data uncertainty.
Don’t “Bird Box” On Macro Risks For Low Vol Exposure
Family Matters When It Comes to Money Matters
Charting the Market: All Eyes Are On Rate Movements
Worried Index-Based Strategies are Distorting the Bond Market? The Data Says You Shouldn’t Be
In my role as the head of Research for SPDR® Americas, I am often asked to debunk myths about ETFs and their influence on the market. Fixed income ETFs are having a record month of inflows this June, and an old myth has resurfaced that index-based investment strategies—both mutual funds and ETFs—are having an outsized impact on the fixed income market, distorting bond prices and producing a passive bubble.
Cognitive Decline: The One Risk You Can’t Afford Not to Hedge
Age has a way of sneaking up on all of us, including our clients. Life experiences may make us wiser, but they don’t protect us from the natural decline of cognitive capabilities as we age. A proactive contingency plan can help protect clients from potential financial risks associated with a decline in cognitive health.