The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:SSgA Takes a Cut at Active ETFs Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, January 26, 2012

SSgA Takes a Cut at Active ETFs

News summary by MFWire's editors

State Street Global Advisors is looking to break into the actively managed ETF business via distribution and partnerships with other asset managers, Reuters reports.

The firm, which will also sell its own ETF products, is a custodian to a number of active managers who lack the resources to go at it alone in the burgeoning space. Jim Ross, ETF business head of the third-largest US ETF provider, told Reuters at IndexUniverse's Inside ETFs Conference that: "This allows us have a bigger presence in the active space and we have a broad platform to partner with firms that do not have the capability to do this themselves."
For starters, the Boston-based firm in March will reportedly roll out three active portfolios that invest in its ETFs as well as an actively managed bank loan ETF that will be managed by GSO Capital Partners, an alternative asset manager owned by Blackstone that specializes in leveraged loans.

However, Ross reportedly admitted that the firm won't be hugely successful in the coming three to five years, but offered that: "we have to be in this market if we want to be a player in the ETF business." 

Edited by: HFD

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use