Super drives State Street inflows
Reflecting the continued buoyancy of the local market, State Street Global Advisors (SSgA)has announced that its Global Index Plus strategy has now reached more than $10 billion in locally-sourced assets under management.
SSgA’s Australian managing director Rob Goodlad said the strong inflows reflected the push by Australian and New Zealand superannuation funds to achieve better performance from their ‘beta’ or passively managed portfolios.
SSgA’s Global Index Plus Trust was launched in 2000 and is now the largest co-mingled fund offered by SSgA in Australia.
Goodlad said a number of local funds had invested in the strategy by moving assets from ‘vanilla’ index strategies, with more than $1.5 billion moving across into the strategy over the past six months.
AUTHOR
Mike Taylor
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