State Street Global Advisors (SSgA) is the asset management business of State Street Corporation (NYSE:STT), a financial services holding company founded in 1792 with offices in major financial centers worldwide. State Street Global Advisors is a registered investment advisor (RIA) with $2.1 trillion in assets under management, making it the second largest asset manager in the world (behind BlackRock). SSgA has investment centers in Boston, Hong Kong, London, Montreal, Toronto, Munich, Paris, Singapore, Sydney, Tokyo and Zurich and offices in 27 other international cities.
SSgA currently offers 117 U.S. listed ETFs, providing exposure to major asset classes, as categorized by SSGA:
- U.S. Market Cap
- U.S. Style
- Real Estate
- Commodities/Real Assets
- Active Asset Allocation
- Fixed Income
Headquartered in the financial district of Boston, Massachusetts, State Street funds have expense ratios that range between 0.09 and 0.70%, with an average expense ratio of 0.36%.
|Figure 9: State Street Global Advisors\' top five largest funds by AUM. Information current as of Feb. 8, 2013.|
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