Asset Management
State Street Unveils New Global Equity Fund
State Street Global Advisors (SSGA), the asset management arm of State Street Corporation, has launched a new equity fund.
State Street Global Advisors (SSGA), the asset management arm of
State Street Corporation, has launched a new equity fund.
Named the State Street multi-factor global equity fund, it "is
aimed at helping investors achieve greater diversification and
increased risk-adjusted returns over the long term." The new
Luxembourg-domiciled fund centres on low valuation, low
volatility and high quality and responds to growing interest in
smart beta, with particular focus on equities.
"After the first generation of single factor funds, we are seeing
an increasing need from investors for an approach that combines
different factors in a transparent way. Investors want exposure
to a number of factors through one cost-effective solution. The
State Street Multi-Factor Global Equity Fund was created to
provide exactly this," said Ana Harris, advanced beta portfolio
strategist at SSGA.
The new fund is the fifth advanced beta UCITS fund on SSGA’s
Luxembourg platform.