State Street Global Advisors (SSGA) is the investment management arm of State Street Corporation , and they offer a number of exchange-traded funds (ETFs) under the SPDR brand. SPDR stands for Standard & Poor's Depositary Receipts, and they were the first ETFs introduced in the United States in 1993.
As of August 2023, SSGA has 137 ETFs traded on the U.S. markets, with total assets under management of over $1,100 billion. Their SPDR S&P 500 ETF Trust (SPY) is one of the most popular ETFs and it tracks the performance of the S&P 500 index.
SSGA's SPDR ETFs cover a wide range of asset classes and investment styles, including sector-specific ETFs and ESG (Environmental, Social, and Governance) focused ETFs. The firm has been at the forefront of index and ESG investing, and they have won several awards for their innovative products and services.
In May 2023, SSGA announced that it would extend proxy voting choice to all eligible index equity US SPDR ETFs and US mutual funds managed by the firm. This move aims to increase transparency and accountability in the proxy voting process and allows investors to have more say in corporate governance decisions.
Overall, SSGA's SPDR ETFs are a popular choice among investors due to their diverse range of options, low cost, and access to a variety of markets and asset classes.
State Street Global Advisors (SSGA) is a leading investment management company that was founded in 1978. It's headquartered in Boston, Massachusetts, and has offices in many countries worldwide. The c...