State Street Global Advisors Asset manager

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State Street Global Advisors
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State Street Global Advisors staat er voor haar klanten. Al sinds 1978. We zorgen ervoor dat institutionele beleggers en financiële professionals verantwoord kunnen investeren om op die manier economische en sociale vooruitgang mogelijk te maken. Dit doen we door middel van actieve en index beleggingsstrategieën en -oplossingen die klanten helpen hun financiële doelen te bereiken: mandaten, fondsen en ETF’s. Dankzij onze researchgerichte en klantspecifieke aanpak zijn wij de derde grootste vermogensbeheerder ter wereld met bijna $ 3,59 biljoen USD aan beheerd vermogen.*

Onze aanpak is gedisciplineerd en risicobewust, gebaseerd op uitgebreid onderzoek, zorgvuldige analyse en jaren ervaring. We bouwen vanuit de breedte en bieden een breed universum van actieve- en indexstrategieën aan. We zijn goede beheerders en helpen onze portfoliobedrijven te begrijpen wat duurzaam is. We zijn pioniers op het gebied van index-, actieve en ESG-investeringen.  

State Street Global Advisors heeft haar hoofdkantoor in Boston, Massachusetts en is een onderdeel van State Street Bank & Trust Co., een van ‘s werelds grootste bewaarnemers van effecten.


Research & content

Market & Macro

Published 26-7-2021
Our latest research uncovers four major trends transforming fixed income portfolios, revealing what is driving institutional investors across the globe to adopt new ways of fixed income investing.
Published 12-7-2021
In this article, we examine the main net zero frameworks, their common threads and what they mean in practical terms for investors. In particular, we outline the concrete steps that investors need to take to make their portfolios “net zero aligned”.
Published 5-7-2021
In our recent paper, “Weathering the Storm: Exploring Climate Strategies”, we explored the main approaches to integrating climate considerations in investment portfolios. In this article, we dive deeper and look at some nuances in climate data that need to be considered prior to implementation of climate objectives in equity index portfolios.
Published 28-6-2021
Accurate and consistent data is essential to any robust investment strategy or approach and environmental, social, and governance (ESG) investing is no exception. Yet, much has been made of the challenges of ESG data, which has — according to some studies — hindered adoption of ESG and climate investing. In this piece, we outline how ESG ratings can differ between providers and why investors need to be aware of the implications of choosing a particular ESG data provider.
Published 28-6-2021
Investors are now realizing that they can get the high yield exposure they need without the added cost and complexity associated with selecting, evaluating and understanding active management. Read our Case for Global High Yield Indexing
Published 21-6-2021
Climate change is here and we will experience its impacts for decades to come. How should investors react in an environment where climate risks will only heighten and regulations will only become more onerous?
Published 14-6-2021
Since we issued our last Global Market Outlook in December, vaccination rollouts and robust monetary and fiscal support have accelerated the pace of economic recovery. COVID-related challenges remain acute in many areas, but the situation is improving, even in hard-hit emerging markets. As the US economy surges, European growth is poised to accelerate; emerging markets will soon follow. It appears that US market leadership may soon give way to international markets.
Published 7-6-2021
State Street Global Advisors has developed a breakthrough climate bond strategy. Our climate-aware investment process enables you to immediately improve your portfolio’s carbon profile and reduce climate risk, while maintaining target returns.
Published 31-5-2021
Would you like to make a positive impact through your investments? We argue that investors in listed securities who want to encourage more sustainable corporate behaviour should invest in green bonds.
Published 25-5-2021
The International Energy Agency (IEA) has just released a report on the need for radical change in the energy sector and beyond to reach net zero emissions by 2050.
In this Q&A, Carlo M. Funk, Head of EMEA ESG Investment Strategy, discusses the report’s key findings and the implications for investors.
Published 20-5-2021
Cyrus Taraporevala, President and CEO of State Street Global Advisors, shares the challenges and risks we face amid climate change and the critical role investors play globally in holding companies accountable in the journey to net zero, including ensuring beneficial outcomes over the long term.
Published 17-5-2021
Today's investors are increasingly realizing the benefits of fixed income indexing. Indexing in fixed income appeals to investors for many of the same reasons it appeals in equity:
- diversified, transparent, and cost-effective exposure
- simplifying both governance and manager oversight thereby offering a very strong value proposition
Today's ultra-low rate and spread environment, means fees have a larger impact on yields and returns, making fixed income indexing's cost-effectiveness more attractive than ever.
Index strategies are increasingly seen as a complement to active strategies, given their broader, less concentrated portfolios and consequently higher liquidity. This provides investors with greater flexibility and choice in their asset allocations.
Published 10-5-2021
- Fixed income indexing has developed tremendously in sophistication, scope and delivery over the past few years.
- Indexing’s ability to capture the full performance potential of even the most complex fixed income exposures, in a highly cost-effective way, means that active management is no longer the default choice for fixed income investors.
- Pandemic-related market disruption shone a spotlight into the myriad risks embedded in active strategies, arguably only resolved by the large-scale interventions by policy-makers. This has accelerated the case for incorporating indexing approaches alongside active ones.
Published 27-4-2021
With the support of State Street Global Advisors, Climate Bonds has released the Sustainable Debt-Global State of the Market report, which assesses the scale and depth of the green, social, and sustainability (GSS) debt markets as of the end of 2020. The market analysis examines the changes in the GSS debt markets during 2020, while the forward-looking spotlight section explores the development of transition, green recovery finance and EU green market leadership, three themes that will continue to influence market growth into the 2020s.
Published 5-4-2021
State Street Global Advisors launched its 2020 Investment Stewardship Report showcasing the work undertaken in our mission to build sustainable capital markets and maximize value for our clients.
Report highlights:
• Insights into the World’s Response to the Global Health Crisis
• Driving Forward on Gender, Racial & Ethnic Diversity
• Increasing the Focus on Climate Risk
Published 31-3-2021
The market is replete with studies that research the relationship of ESG integration and performance. Tracking error is often discussed in conjunction with performance and the issue of tracking error against a strategic benchmark arises in most client conversations around ESG integration. Learn how investors should evaluate tracking error in light of internal and external pressure for more ESG integration.
Published 31-3-2021
COP26, scheduled to be held from 1 to 12 November 2021, is expected to set the direction on whether ‘hard’ metrics, such as carbon pricing, will dominate environmental risk measures that are adopted in portfolios over the next decade.
Published 24-3-2021
Emerging bond markets have rallied strongly since the sharp drawdown last year. Valuations have recovered even as some fundamentals – such as debt sustainability and fiscal discipline – have become challenged. But while the start of 2021 has shown that smooth sailing cannot be guaranteed, there are reasons to remain optimistic towards EMD.
Published 24-3-2021
Two of the most prominent investment trends of the post-global financial crisis world have been the sustained rise of both indexing and environmental, social and governance (ESG) investing. These trends have combined with many investors now seeking ESG and climate indexing strategies to achieve long-term and cost-effective sustainable returns. Yet, many myths have arisen over the years around what sustainability-minded investors can achieve within an index approach. This piece aims to set the facts straight and clear up some misunderstandings of ESG in index investing.
Published 17-3-2021
State Street Global Advisors’ Long-Term Asset Class Forecasts (LTACF) form the backbone of our Investment Solutions Group’s (ISG’s) strategic asset allocation process; these forecasts are rigorously vetted throughout our organization and updated quarterly. The LTACF process incorporates a wide range of relevant macro and financial variables to produce a forward-looking estimate of total returns.
Published 17-3-2021
Investors aiming to align their portfolios to the Paris Agreement goals have faced challenges in expressing the nuance of alignment credibility within a single temperature metric, as well as assessing differences across sectors and markets.
To address these challenges, we have developed the State Street Sustainable Climate Bond Strategy, which provides corporate bond investors with a framework to act now in aligning portfolios with the Paris Agreement goals, while benefitting from climate transition opportunities.
Published 8-3-2021
On March 8th, 2021, we installed a broken glass ceiling surrounding Fearless Girl in New York to celebrate her 4th anniversary and International Women’s Day – symbolizing the many glass ceilings that women have shattered that continue to inspire all of us.
Published 8-3-2021
Emerging market debt (EMD) is a versatile asset. It offers equity investors risk mitigation potential with modest return dilution. For fixed income investors willing to move out the risk spectrum, EMD presents a significant yield pick-up opportunity as fundamentals continue to be relatively healthy, notwithstanding some notable deterioration in the fiscal backdrop during 2020. Investors need to be comfortable with headline and idiosyncratic risk, but in a low (and in some quarters, negative) yield environment, EMD offers significant potential for those investors willing to take a closer look.
Published 1-3-2021
- Rates will be lower, and yield curves flatter, for longer. Investors must deal with this reality and plan for optimizing their portfolios accordingly.
- If you need return, you need to look outside Developed Market Government Bonds. Emerging Market, especially China, and High Yield bonds are the key places to consider.
- Credit will be supported by central banks worldwide. We believe that will sustain spread products for some time.
Published 22-2-2021
Lower rates and flatter yields are no blip. The old ways of finding yield no longer apply.
Is your Fixed Income portfolio right for today’s environment? Or are you still doing things the way you did them years ago?
We have ideas for Fixed Income portfolios that are optimized for today’s market. Ideas for finding yield at the right levels of risk.
Published 19-2-2021
Data quality is crucial in the world of investment management, and especially so in the area of environmental, social and governance (ESG) investing, where lack of mandatory and consistent reporting of non-financial information by companies makes it challenging for investors to make decisions based on that information.
Most ESG data providers employ their own proprietary methodologies, and ESG scores can differ significantly across providers.
ESG data should be transparent, align with our ESG beliefs, and incorporate our stewardship insights on companies. To achieve this, we have built our own data architecture. We partner with best-in-class data sources to create ESG scores that leverage a transparent materiality map created by the Sustainability Accounting Standards Board (SASB). This platform is used for investment solutions and reporting across asset classes.
Published 8-2-2021
The Fundamental Value Equity team at State Street Global Advisors has a long history of ESG investing. The team has run a number of exclusion-based mandates since the 1980s, while our long-standing fundamental investment approach and governance activities involved implicit consideration of ESG issues across our broader suite of products. This paper explores the evolution of our process in a changing environment.
Published 1-2-2021
This piece provides an overview of key developments in the European Union’s (EU’s) Sustainable Finance Agenda that will play out in 2021 and beyond, including the implications of the European Green Deal and the Renewed Sustainable Finance Strategy for financial market participants and financial advisors. The European Central Bank’s (ECB’s) efforts on ESG will be discussed, and in particular, what Banking Union Supervised Institutions should consider in relation to the new compliance challenges. Finally, we provide details of a proposal for potential new regulatory requirements for ESG data providers.
Published 25-1-2021
There is a growing interest among global investors in divesting, or minimizing exposure to, Fossil Fuel Reserves1 in their portfolios. Specifically, more than 1,200 global institutional investors, with $14.6 trillion in combined assets, have committed to divesting from fossil fuels in 2020.2 These investors seek to position themselves in opposition to the physical effects stemming from climate change, and seek to prepare their firms for future regulation around fossil fuels.
Published 20-1-2021
In a dramatic change from the previous administration, we expect the administration of President Joseph Biden to implement a broad range of policy changes meant to mitigate climate risk and bring the US back into the global sustainability conversation. We will be monitoring several themes that we believe could arise under the Biden presidency:
•Rising Calls for ESG Disclosure
•Stricter Climate Regulations
•Changing Operational Backdrops in Various Industries
•Investors Increasingly Pricing ESG Criteria Into Decision-Making
•US Department of Labor (DOL) ESG Rule
Published 11-1-2021
In a year dominated by the COVID-19 pandemic, there has been a renewed focus from governments and companies on the need to address climate change and other sustainability challenges. For their part, many investors are integrating ESG and climate considerations across their portfolios in response to changing attitudes and regulations. Where will all this take us?
Published 31-12-2020
In recent years, climate change has emerged as a key systemic threat, representing both a strategic and business challenge for all companies. State Street Global Advisors’ primary fiduciary obligation is to maximize the long-term returns of our clients’ investments, and we have therefore prioritized climate change as a core theme of our stewardship activities since 2014.
Published 31-12-2020
Growth style equity investing has delivered strong gains over the past decade. Clients who have embraced both Value and Growth strategies in this time would have enjoyed healthy returns, albeit not as rewarding as a Growth-only approach, as the two offset to become closer to neutrality from a style perspective. However, those with an uncovered tilt toward Value have experienced this style’s challenged performance against standard market cap weighted indices.
Published 15-12-2020
We believe aligning ESG integration within the active investment process, with a broad and robust asset stewardship and company engagement program, can promote long-term sustainable returns, and higher active returns, for our clients.
Published 15-12-2020
As a long-term investor in more than 10,000 public companies across the world, State Street Global Advisors believes that the single most important driver of long-term value is a strong, independent and effective board exercising high-quality oversight. In turn, we have long appreciated the positive correlation among diversity at the workforce and board levels, effective boards and oversight and sustainable long-term financial performance.
Published 1-12-2020
The ESG investing story of 2020 has centered around the COVID-19 pandemic, but we believe that 2021 could be the transition year for concerted global action to tackle climate change and other environmental and social challenges. ESG investing is gaining momentum that will likely prevail long after the pandemic subsides.
Published 15-11-2020
State Street Global Advisors has developed a range of state-of-the-art equity climate funds. Our climate-aware investment process enables investors to immediately improve their portfolio’s carbon profile and reduce climate risk, while maintaining target returns.
Published 30-10-2020
State Street Global Advisors has developed a suite of capabilities to help clients meet their investment goals specific to climate challenges. These include a spectrum of climate-related investment solutions, from exclusionary and mitigation solutions to those that also incorporate adaptation.
Published 15-10-2020
Designing effective portfolios for climate-related risk management and the transition to low-carbon economies.
Published 30-9-2020
Measuring, monitoring and reporting on carbon emissions can appear very confusing.
The recommendations from the European Commission’s Technical Expert Group (TEG) on sustainable finance and the Task Force on Climate-related Financial Disclosures (TCFD) have led to several approaches which are currently used in the market place to assess carbon emissions and calculate company and portfolio-level carbon footprint.
Published 15-9-2020
The COVID-19 pandemic has shown the power of governments to address urgent challenges.
One of the key tools in governments’ armoury has been to introduce a price on carbon emissions. An increasing number of countries and jurisdictions are implementing carbon prices, impacting the operations and asset valuations of companies across regions and sectors. This piece explains why investors should evaluate the impact of such measures.
Published 14-7-2020
At State Street Global Advisors, we engage in environmental, social and governance investing (ESG) across a broad range of asset classes and investment styles. Approaches range from the screening of ESG themes to the full integration of ESG criteria in investment processes employed by our active quantitative equities (AQE) team. Our AQE group views ESG as a source of alpha that could lead to positive portfolio performance over time. In this article, we look at how AQE includes ESG as a measure of quality when evaluating stocks.
Published 8-7-2020
The market has seemingly shunned European banks, perhaps remembering the near collapse of the sector in 2008. However, we think banks have the capital to absorb potential losses in the current COVID-19 environment. As part of the solution to this crisis, European banks could improve their ESG scores and enhance their investor appeal.
Published 7-7-2020
Incorporating ESG considerations into portfolios is clearly a growing priority for many investors today. Whether driven by regulation, investment beliefs or values — investors are increasingly asking how their indexed or passive investments can adapt to new realities. Index managers have broadened their toolkits and are able to offer portfolios that no longer just capture the wider market but that have specific objectives, such as efficiently incorporating ESG criteria. So, how can index managers help investors futureproof their portfolios?
Published 1-7-2020
The popularity of ESG investment strategies has only increased during the COVID-19 pandemic and we expect this trend to continue. In particular, we will see an increasing focus on climate and green bond investing as investors seek to mitigate climate risks and have a positive real-world impact.
Published 26-6-2020
Board directors often ask us: “What's the one question about ESG that I need to ask at the next board meeting?” Our answer is simple: Ask “What is our ESG score?”
While many companies have no idea how to reply to that question, we believe that a company’s ESG score will ultimately become as important as their credit ratings for investment purposes.
Published 19-6-2020
While ESG is at the top of many institutional investors’ agendas today, the focus has primarily been on the equity portion of their investments; but this is changing. Investors are now putting more thought into how to successfully embed ESG into their fixed income investments. We outline the approaches investors can take to integrate ESG into fixed income investments, what the challenges are and how State Street Global Advisors can help.
Published 11-6-2020
Investors are increasingly interested in incorporating environmental, social and governance (ESG) considerations into their portfolios — including in policy benchmarks. Yet the ongoing lack of ESG market infrastructure means that not all ESG indices are created equally. In this paper, we examine the Bloomberg SASB ESG Index family as a case study of key considerations facing investors interested in ESG indices.
Published 3-6-2020
While some investment managers are just waking up to the idea of incorporating ESG into
their investment process to meet client needs, State Street’s Fundamental Growth and Core
(FGC) Equity team has a long history of integrating ESG concepts into its fundamental analysis of companies.
Published 27-5-2020
Policy-makers in China changed direction by implementing new security measures in Hong Kong and removing a target for GDP growth. These economic cum political decisions should continue to make Chinese assets attractive for global investors, though they could pose a relative headwind for other Emerging Markets. Yet, market dynamics will depend more on how DM countries manage their exits from lockdown.
Published 15-5-2020
Achieving the ambitious goals outlined in the Paris Agreement requires that investors do more than simply reduce their portfolios’ carbon footprints. This understanding was one of the key drivers behind the development of the State Street Global Advisors Sustainable Climate Strategy. This Strategy is a long-only investment approach that uses a mitigation + adaptation methodology to build climate change thematically into equity portfolios. It's designed for investors who wish prepare their portfolios for the transition to a low-carbon economy, in a scalable and risk-aware way.
Published 1-4-2020
We believe climate change is one of the biggest risks in investment portfolios today. These risks impact a vast amount of segments and industries – not just the obvious polluters. But with climate risk also comes tremendous investment opportunity, as the economy reworks against the impact of climate change. We have developed a range of highly effective solutions to help investors make a material improvement to their carbon profile, while achieving the returns they need. Our solutions can help transform your equity and fixed income portfolios, helping you lose the carbon and keep the returns.

Products and Solutions

Advisory/sub-advisory
Securities lending
Custody
Research
ALM/Strategic Advice
Asset Allocation (SAA/TAA/GTAA)
LDI
(Integrated) Risk Management
Fiduciary Management, externally managed only
Fiduciary Management, (partially) in-house
Multi-Asset Mandates
Segregated Accounts
Mutual Funds
Structured Products
ETFS
Derivates
Other
Advisory/sub-advisory
Securities lending
Custody
Research
ALM/Strategic Advice
Asset Allocation (SAA/TAA/GTAA)
LDI
(Integrated) Risk Management
Fiduciary Management, externally managed only
Fiduciary Management, (partially) in-house
Multi-Asset Mandates
Segregated Accounts
Mutual Funds
Structured Products
ETFS
Derivates
Other

Assets under management

Per beleggingscategorie

** State Street Global Advisors, per 31 maart 2021.
Gegevens zijn per de vermelde datum en kunnen wijzigen.
Na deze datum moeten ze niet meer als actueel worden beschouwd.




Naar klant-type

** State Street Global Advisors, per 31 maart 2021.
Gegevens zijn per de vermelde datum en kunnen wijzigen.
Na deze datum moeten ze niet meer als actueel worden beschouwd.




Details


Clients

Investment Beliefs

Elke klant is uniek. Het creëren van succesvolle beleggingsresultaten begint met het begrijpen van de langetermijndoelstellingen en –verplichtingen van de klant. Bij het maken van investeringen houden wij dan ook rekening met het feit dat markten niet altijd efficiënt zijn.

Met onze aanpak richten we ons op activaspreiding om zo langetermijnresultaten en een brede toegang tot de markt te bereiken. Bij het bouwen van efficiënte portfolio’s ligt de focus op een combinatie van de onderliggende risico’s, niet op de labels van de activaklassen. Onze vaardigheid als beheerder helpt daarbij.

Daarnaast zijn wij ervan overtuigd dat beleggingen met een focus op duurzaamheid op lange termijn meer toegevoegde waarde bieden voor onze klanten. Daarom streven we ernaar innovatief te blijven op het gebied van ESG-integratie.

Market View

Voor 2021, verwachten we dat de veerkracht van de markten verder op de proef wordt gesteld. We voorspellen aanhoudende onrust in het kader van de Covid-19 pandemie en dat tegen een achtergrond van fiscale, economische en politieke volatiliteit. Enkele positieve punten: een terugkeer naar groei, hoopvolle vooruitzichten naar een schaalbaar vaccin en de uiteindelijke heropening van de economie wereldwijd. Maar daarachter ligt een onzekere horizon. Alert blijven, en wendbaar, is de boodschap.

Values and Objectives

Verantwoord beleggen om er met z’n allen economisch en sociaal op vooruit te gaan. Dat is onze opdracht. En dat maken we waar door constant te vernieuwen. 

We maken tijd voor onze klanten en zitten graag met hen aan tafel voor een goed gesprek. Zo komen we tot oprecht wederzijds begrip en kunnen problemen opgelost worden. Daarbij laten we ons vooral inspireren door onze schaalgrootte, middelen en jarenlange ervaring.

Daarnaast zijn we al meer dan 30 jaar leider op het gebied van ESG-beleggingen. State Street Global Advisors adviseert en begeleidt haar klanten ten aanzien van het opstellen van een ESG-beleggingsstrategie en implementeert deze in de portefeuille of benchmark. In 2020 hebben we een aantal nieuwe ESG-fondsoplossingen geïntroduceerd: twee fiscaal transparante fondsen tegen een groene benchmark en drie regionale klimaatfondsen.

Performance Measurement

Internal
External
GIPS
Other
Internal
External
GIPS
Other

Fee Structure

Afhankelijk van de wensen van de cliënt en van de aard van de belegging wordt in overleg een fee-structuur vastgesteld.

Disclaimer

* This figure is presented as of March 31, 2021 and includes approximately $60,33 billion USD of assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.

** State Street Global Advisors, as of 31 December 2020. Figures are subject to change. After this date they should no longer be considered as accurate.

State Street Global Advisors Limited, Herikerbergweg 29, 1101 CN Amsterdam, The Netherlands. Telephone: +31 20 718 1701. www.ssga.nl

SSGA Netherlands is a branch of State Street Global Advisors limited State Street Global Advisors Limited is authorised and regulated by the Financial Conduct Authority in the United Kingdom.

The information provided does not constitute investment advice as such term is defined under the Markets in Financial Instruments Directive (2014/65/EU) and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell any investment. It does not take into account any investor's or potential investor’s particular investment objectives, strategies, tax status, risk appetite or investment horizon. If you require investment advice you should consult your tax and financial or other professional advisor. All material has been obtained from sources believed to be reliable. There is no representation or warranty as to the accuracy of the information and State Street shall have no liability for decisions based on such information. This communication is directed at professional clients (this includes eligible counterparties as defined by the Netherlands Authority For the Financial Markets) who are deemed both knowledgeable and experienced in matters relating to investments. The products and services to which this communication relates are only available to such persons and persons of any other description (including retail clients) should not rely on this communication.

Investing involves risk including the risk of loss of principal.

The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without SSGA’s express written consent.

Equity securities are volatile and can decline significantly in response to broad market and economic conditions.

Bonds generally present less short-term risk and volatility than stocks, but contain interest rate risk (as interest rates raise, bond prices usually fall); issuer default risk; issuer credit risk; liquidity risk; and inflation risk. These effects are usually pronounced for longer-term securities. Any fixed income security sold or redeemed prior to maturity may be subject to a substantial gain or loss. 

©2020 State Street Corporation - All Rights Reserved

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Exp. Date: 31/12/2021