 | This article has multiple issues. Please helpimprove it or discuss these issues on thetalk page.(Learn how and when to remove these messages) (Learn how and when to remove this message)
|
 | |
| Company type | Subsidiary |
|---|---|
| Industry | Investment management |
| Founded | 1978; 47 years ago (1978) |
| Headquarters | One Congress Street Boston, Massachusetts, U.S. |
Key people | Yie-Hsin Hung (CEO) |
| Products | |
| AUM |  US$4.1 trillion[1] |
Number of employees | 2,500+ |
| Parent | State Street Bank and Trust Company |
| Website | www |
State Street Investment Management — formerlyState Street Global Advisors (SSGA)[2] — is an Americaninvestment management division ofState Street Corporation founded in 1978 and the world's fourth largestasset manager,[3] with nearlyUS$4.1 trillion inassets under management as of December 31, 2023.[4] State Street Investment Management operates as a subsidiary ofState Street Bank and Trust Company.[5]
The company services financial clients by creating and managinginvestment strategies for governments, corporations, endowments,non-profit foundations, corporate treasurers and CFOs, asset managers, financial advisors and other intermediaries around the world.[6] State Street Investment Management employs 2,500 people in 28 countries.
State Street Global Advisors, the asset management division ofState Street Corporation, was founded in 1978[7] inBoston, Massachusetts.
Its first three products were a domesticindex fund, an international index fund (based on the MSCI EAFE index), and ashort-term investment fund.[8] By 1989 the division had $53 billion (USD) in assets under management.
In 1990 State Street Global Advisors was formed as a separate entity from State Street Bank[9] with the mission of expanding globally:[7] firstLondon, 10 more international locations by 1994,[10] with 15 by 1999.[11]
SSGA invented theinvestment vehicle known as theexchange-traded fund (ETF) in 1993 with the introduction of the S&P 500SPDR product (Ticker:NYSE Arca: SPY),[12] which is traded on theAmerican Stock Exchange. SSGA is the number three ETF manager in the world afterBlackRock andVanguard.[13]
Assets under management climbed to $161 billion (USD) in 1994 and more than quadrupled to $667 billion by 1999.
As of 2006, one-third of assets under management were from non-US investors.
State Street Investment Management is among the signatories of the "Principles for a Responsible Civilian Firearms Industry," which seeks to engage firearms manufacturers, dealers, and retailers in promotinggun safety.[18][19][20]
In 2025, State Street Global Advisors rebranded as State Street Investment Management and unveiled a new corporate logo, matching that of parent company State Street Bank.[21]
State Street Investment Management creates customized investment strategies for institutions.[22] SSGA manages the assets for clients by setting up commingled funds (otherwise known as common trust funds).
In addition to institutional products, State Street Investment Management has 46 ETF investment products in the US market,[23] as of March 2007. The ETFs track international and domestic indices based on market capitalization, investment style, sector, industry, or commodity. ETF products are also available in other parts of the world such as Belgium, France, Hong Kong, and Singapore under the streetTracks brand.[citation needed]
The company has 26 Mutual Fund products divided by investment type:[24] money markets, bonds, equities, and diversified funds of funds (also known as life style funds).
State Street Investment Management partners with seven companies in various markets to produce local investment strategies for clients.[25] They are Advanced Investment Partners; Asian Direct Capital Management; GovernanceMetrics International (GMI); Innovest Strategic Value Advisors, Inc.; Rexiter Capital Management Limited; Shott Capital Management, LLC; SSARIS Advisors, LLC; The Tuckerman Group, LLC; and Wilton Asset Management, LLC.
In March 2017, State Street Global Advisors commissioned a statue,Fearless Girl byKristen Visbal, and located it temporarily in theFinancial District, Manhattan, in front of theWall Street iconCharging Bull. The statue is an advertisement for anindex fund which comprises gender diverse companies that have a higher percentage of women among their senior leadership.[26] While some have seen it as an encouragement ofwomen in business, some women criticized the statue as "corporate feminism" that violated their ownfeminist principles.[27][28][29]
Up until 2025, thanks toFearless Girl, State Street were known as a symbol of gender diversity in the workplace, and required at least 30% of company boards to be females or those companies would not be featured in State Street's index. Furthermore, State Street used to require companies featured in their index to disclose the gender, racial and ethnic composition of their boards, and to state their goals for diversity, equity and inclusion as part of overall business strategy. As of April 2025[update], these requirements had been dropped by State Street Investment Management without any announcement.Reuters explicitly tied this to political pressure to slow the pace of adding board members that are not white men.[30][31]
In October 2007, several pension funds sued State Street Corp. for the alleged mishandling of several bond funds managed by SSGA.[32]
In 2008, State Street Bank was sued by Trust Co. for Fixed Income Funds Investment.[33] The case was settled in 2010.[34]
In April 2009, a class action suit was filed against State Street, alleging SSGA chose illiquid, leveraged, and risky securities in their short-term, liquid fund products.[35]
In October 2017, SSGA agreed to pay over $5 million in back pay and interest to settle allegations the company underpaid women and African-American employees.[36][37]
... says activities will move to front office. ... previously chief executive of State Street Global Advisors, the bank's investment arm, which is the world's third-biggest fund manager by assets.
{{cite web}}: CS1 maint: bot: original URL status unknown (link)State Street Global Advisors is the investment management division of State Street ... investment vehicles for the retail market in the United States, Europe, Asia, ...
State Street Global Advisors was founded in 1978 as the investment management division of State Street Bank and Trust. The firm was a pioneer in the development of domestic and international index funds. In 1990, it was reorganized as a separately incorporated subsidiary of State Street.
State Street Global Advisors (SSgA) ... 1990 that SSgA became a separate entity from the bank
State Street Global Advisors (SSGA) ... investment strategies and integrated solutions to institutional
As State Street is one of the three largest ETF providers in the world ...
{{cite magazine}}:Cite magazine requires|magazine= (help)The SSgA Funds operates ...
Clients include governmental entities, corporations, endowments and ... State Street Global Advisors partners with many of the world's largest, ...
