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State Street Unveils New Global Equity Fund

Mark Shapland

26 November 2014

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.