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State Street

State Street Parent Rating

Above Average

State Street Global Advisors is under new leadership but continues to move along the positive trajectory established by former leaders.

SSGA maintains its Above Average Parent Pillar rating.

Cyrus Taraporevala, who oversaw much of SSGA’s recent transformation, retired from the CEO position in December 2022 and passed the baton to his successor, Yie-Hsin Hung. She inherited a business that’s become more disciplined with its fund lineup. Fees have come down, while product development remains focused on fixed-income and sustainability funds, and many of SSGA’s launches have echoed that intention.

The seeds that SSGA planted over the past several years have been bearing fruit. It built out a low-cost series of portfolio building-block ETFs in the U.S. bearing the “SPDR Portfolio” branding. SSGA launched these later than its industry rivals, so they aren’t as large. But they’re competitive, with solid management and low fees, which helped them consistently take in new money over the past several years.

SSGA continued to overhaul its ETF business in Europe with most of its recent fixed-income and sustainability fund launches. Many of these funds track indexes and charge relatively low fees. With operations in the U.S. and Europe standing on a firm foundation, SSGA will put more focus on its Asia-Pacific business—the smallest regional segment of its business.

State Street Investments

Market

US Open-end ex MM ex FoF ex Feeder

Total Net Assets

21.11 Bil

Investment Flows (TTM)

−1.50 Bil

Asset Growth Rate (TTM)

−8.26%

# of Share Classes

71
Morningstar Rating # of Share Classes
5
16
19
27
3
Not Rated 1

Exchange-Traded Funds

See All State Street ETFs

Market

US ETFs

Total Net Assets

1.31 Tril

Investment Flows (TTM)

84.74 Bil

Asset Growth Rate (TTM)

8.35%

# of Share Classes

138
Morningstar Rating # of Share Classes
10
41
41
23
12
Not Rated 11

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