Asset Allocation
Saudi Arabia’s SWF Seeds State Street Bond ETF With $200M
The exchange-traded fund tracks the performance of the J.P. Morgan Saudi Arabia Aggregate Index.
Tag: State Street Global Advisors
Pensions
Weyerhaeuser, State Street Sued in PRT Lawsuit
Timberland company sued by former employees, represented by Schlichter Bogard LLP, over a pension risk transfer it conducted with Athene in 2019.
Market Moves
Investors’ Confidence in ETFs Continues to Grow, per State Street
The firm’s 2024 ETF Impact Survey found exchange-traded-fund use highest in Japan, lowest in Sweden and the U.S.
Asset Allocation
Institutional Investors Reaffirm Support for Climate Action 100+ Following Departures
Despite the exit of some major firms, asset managers representing $4.6 trillion say they remain committed to the initiative.
Pensions
FirstEnergy Transfers 2,200 Retiree Pensions to Insurers
Legal & General Retirement America and RGA Reinsurance took on $700 million in pension liabilities.
Pensions
Verizon Announces $5.9B Pension Transfer
Insurers Prudential and RGA Reinsurance will assume obligations for 56,000 pensioners who are already receiving benefits.
Asset Allocation
3 Stock Sectors, All Tech, Expected to Soar in 2024
Why biotech, AI and cybersecurity should romp, per State Street.
Regulation
Pensions, Asset Managers Broadly Support Tick-Size, Access Fee Updates
The SEC proposed reducing exchange access fees and pricing increments for tick-constrained symbols in December 2022.
Newsmakers
New CEO Joining State Street Global Advisors
Yie-Hsin Hung will join in December and succeed retiring State Street Global Advisors CEO Cyrus Taraporevala.
Newsmakers
Willis Towers Watson, State Street Join AlphaNasdaq OCIO Indices
The two asset managers bring the total number of providers in the collection to 46.
Newsmakers
Maryland to Launch Retirement Program in Summer 2022
MarylandSaves is the first state-sponsored automatic plan to provide income during retirement.
Market Moves
Expect a Further Dollar Slide, But It’ll Be ‘Mild,’ Says Currency Sage
State Street’s Aaron Hurd sketches out for our symposium how to navigate a further decline for the buck.
Research
Pandemic Accelerates Social Risks to Investment Portfolios
State Street Global Advisors report says 2020 increased the importance of the ‘S’ in ESG.
ETFs Are in Higher Demand from Insurers
Buyers of the funds triple in number, although these securities are still a small part of carriers’ portfolios, study says.