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

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

Rating:ETFs Give State Street a Lift Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, October 18, 2012

ETFs Give State Street a Lift

News summary by MFWire's editors

ETF earnings have helped boost State Street's overall profits, reportsETF Trends.

Joseph Hooley, State Street CEO, said that there were $13 billion of net flows into the company's ETFs. He added that these flows were "mainly into our larger ETF funds such as SPDRs, gold and fixed income."

He added, "also of note is the success we’ve experienced in the 54 newer, more complex ETF products we introduced over the past 18 months.'

The custodian and asset manager's profits rose in the third quarter.

Hooley also added that tState Street's strategy is to position the ETFs in the commoditized area. According to him, this is where SSgA is putting "a lot of [their] focus from a standpoint of investment." 

Edited by: HFD


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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
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:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use