State Street reaches US$2t in ETF AUA
State Street has reached its milestone for the global exchange trade funds (ETF) assets under administration (AUA) which exceeded US$2 trillion as of 31 January 2017.
The company said this would translate into 55 per cent of the global industry’s ETFs and exchange traded products (ETPs) assets under management to be currently served by State Street.
State Street’s senior vice president, Frank Koudelka, said: “We continue to make tremendous investments in servicing the ETF structure, which in turn allows us to quickly and seamlessly support the launch of innovative products for our clients.”
“Clients continue to bring their business to State Street because of our commitment to the exchange traded product structure, our ongoing investment in our proprietary, core platform and our scale,” he said.
AUTHOR
Oksana Patron
Recommended for you
Distribution of private credit funds through advised channels to retail investors will be an ASIC priority for 2026 as it releases the results of its thematic fund surveillance and guidance for research houses.
State Street Investment Management has taken a minority stake in private market secondaries manager Coller Capital with the pair set to collaborate on broaden each firm’s reach and drive innovation.
BlackRock Australia plans to launch a Bitcoin ETF later this month, wrapping the firm’s US-listed version which is US$85 billion in size.
Global year-to-date inflows into active ETFs are 87 per cent higher than the same time a year ago at US$447.7 billion.
