Innovation and Efficiency Needed to Serve Growing Market
BOSTON--(BUSINESS WIRE)--
State Street Corporation (NYSE: STT), one of the world’s leading
providers of financial services to institutional investors, today
released its Vision Focus report on the trends, challenges and best
practices in servicing exchange traded funds (ETFs). Entitled “ETF
Servicing: Moving Forward in a Market in Motion,” the report notes the
need for innovation and efficiency in servicing these rapidly growing
investment tools.
ETFs currently account for more than $1 trillion in global assets under
management and remain an efficient, low-cost, transparent and
tax-friendly investment tool. However, ETF sponsors are facing new
challenges as the funds continue to grow rapidly in both size and type.
“The global expansion of ETFs requires broader knowledge about the
nuances of different country markets and their regulatory rules,” said
Alan Greene, executive vice president of State Street’s US global
services business. “A number of servicing challenges come with
diversification into fixed income and actively managed products from a
base of passively managed domestic equity ETFs.”
The Vision report goes on to cite such best practices as Web-based
service platforms, flexibility and highly customized client service
provided by staff who share their expertise in numerous areas of fund
administration, including legal, tax and treasury services.
State Street has utilized its leading-edge technology, consultative
client approach and flexible servicing model to service ETFs since their
inception in 1993.
State Street’s Vision Series addresses topics that affect the financial
services industry today and tomorrow. Previous reports have focused on
pensions, UCITS IV and sovereign wealth funds. To download a copy of
this Vision Focus report or others in State Street’s Vision series of
reports, please visit www.statestreet.com/vision.
About State Street
State Street Corporation (NYSE: STT) is one of the world's leading
providers of financial services to institutional investors including
investment servicing, investment management and investment research and
trading. With $19 trillion in assets under custody and administration
and $1.9 trillion in assets under management at March 31, 2010, State
Street operates in 25 countries and more than 100 geographic markets
worldwide. For more information, visit State Street’s website at www.statestreet.com.
Source: State Street Corporation
Contact:
State Street Corporation
Alicia Curran Sweeney, + 1-617-664-8672