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ETF Specialist

State Street Global Advisors Has Mobilized. It's Time to Execute

State Street continues improving, but its new leadership could strengthen product development.

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Morningstar's manager research team recently wrapped up due-diligence meetings with senior leadership at State Street Global Advisors' office in Boston. SSGA demonstrated that it has the structure and leadership in place to serve its fundholders well. Its revamped senior leadership team is finding its footing, but is capable of executing the firm's strategy. The firm has shown progress toward improving its business practices, but could do more to bolster its product development process. SSGA maintains its Parent Pillar rating of Neutral.

This parent rating is based on Morningstar’s assessment of how well a firm is looking out for its fundholders by focusing on the strength of its investment organization and business practices. SSGA’s investment organization is in great shape. Its indexed-equity and fixed-income management teams have been remarkably stable, and each has a deep bench. The firm is well staffed and able to support the portfolio management and trading of its funds.

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Adam McCullough does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.