State Street Global Advisors
Asset manager
Profile
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 vierde* grootste vermogensbeheerder ter wereld met bijna $ 4,14 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
Our climate-aware investment process aims to enable investors to immediately improve their portfolio’s carbon profile and reduce climate risk, while maintaining target returns.
Market & Macro
The facts about climate change and the unique opportunities for bond investors. The future won't wait. Start your transition today.
Market & Macro
We believe climate change is one of the biggest risks in investment portfolios today. But, with this risk also comes tremendous investment opportunity, as the economy reworks against the impact of climate change.
Market & Macro
Heightened liquidity risk and softening growth prospects demand vigilance from investors. Persistent uncertainty and recession risks warrant cautious portfolio positioning. Looking forward, the relevant question is what comes next?
Market & Macro
This year's volatile first quarter seemed to barely dent GHY. And, with the fundamentals in reasonably good shape, matched with all-in yields at around 8.5%, is it time to look again at GHY?
Market & Macro
Although 2022 was volatile for EMD, a brighter outlook is developing against the backdrop of China’s reopening, peaking inflation and interest rates, and signs that US dollar strength could fade. Given current valuations, EMD merits renewed consideration by investors.
Market & Macro
Lyubka Dushanova, Portfolio Strategist, EMD, outlines why investors should reassess prospects for EMD right now. Along with a quick look back at 2022, Lyubka flags where opportunities lie in the asset class and explains why we believe an indexed approach makes sense.
Market & Macro
Understandably, markets have been in panic mode over the past few weeks. However, as market sentiment moves beyond this tumultuous period, and other factors remain stabilized in the external environment, European banks, we believe, are well positioned to regain their momentum on the back.
Market & Macro
After a tough period, things are changing in Fixed Income - where should you be looking now? We see 2023 as the year where central banks try to balance credible inflation management with the avoidance of needless economic pain - by no means an easy task! Our Fixed Income Roadmap visualises just where investors should be looking now.
Market & Macro
Last year was tough for bonds but now things are changing and there are opportunities out there. Expect choppy conditions but also attractive prospects for tactical and perhaps strategic re-positioning. Our latest fixed income insights assesses where the market is heading, what makes sense to invest in now and what should you hold off on.
Market & Macro
The literature on ESG has largely focused on the impact of ESG exposure on returns, and little has been done to directly assess the impact on risk. If we consider risk as any form of uncertainty, and further recognize that ESG by its very nature is influenced by corporate activities that impact stakeholders, then it stands to reason that there is a direct link between the management of the dimensions of E, S, and G, and the range of potential impacts on stakeholders.
Market & Macro
We create sustainability scores for the companies we are evaluating and use those scores to complement our other Quality metrics, which in many (but not all) cases are gleaned from financial data. We believe that select ESG characteristics can be considered a proxy for long-term forward planning.
Market & Macro
Investors who seek screened portfolios often express a desire for screening in a specific area — for example, seeking to screen tobacco from a portfolio. There are several ways in which a company can be considered to be involved in a particular product or service.
Market & Macro
A wide range of environmental, social, and governance (ESG) data vendors are now providing physical climate risk data in addition to traditional carbon data. Physical climate risk data is powerful forward-looking data that measures physical risk, which broadly encompasses the quantification of a company or country’s exposure to natural catastrophes that could be reliably tied to climate change and a warming environment.
Market & Macro
Looking to 2023, we expect market uncertainty and volatility to persist for some time, leading to a bumpy journey ahead with a wide range of possible outcomes. We anticipate more clarity will be achieved in 2023 as we see rates peak in much of the developed world, but what follows is anything but clear. Many risks to a sustained recovery remain. We expect 2023 to be a time of “Navigating a Bumpy Landing.”
Market & Macro
After two weeks of negotiations, the United Nation’s 27th Conference of the Parties (COP27) in Egypt concluded with a greater focus on how to suppress climate change rather than the headline commitments which have been much of what occurred at previous meetings. COP27 was the establishment of a loss and damage fund to compensate developing nations most impacted by the effects of climate change.
Market & Macro
Real-world decarbonization is the reduction of emissions in the real-world economy. In the investment context, this refers to underlying equity and debt issuers (such as portfolio companies and sovereigns) improving their carbon profile. Broadly, the frameworks are aimed at decreasing carbon exposure in portfolios by prioritizing emissions reductions in the real-world economy. Investors may influence issuers through various channels.
Market & Macro
The growing appetite for ESG investing has increasingly extended into the world of emerging market debt. In a quickly evolving landscape, determining the most appropriate way to apply an ESG framework to EM sovereign debt is key for investors, with a variety of options from indexed to bespoke solutions available.
Market & Macro
While top-performing active core fixed income managers have received accolades for decades, the difficulty in selecting a top-performing manager across market cycles, and pairing this manager with other active options, has proven difficult for plan sponsors, manager selectors, and professional asset allocators alike. We believe that pairing a high conviction active core manager with an indexed approach satisfies allocators’ goals of diversification, income, and capital preservation most effectively across full market cycles from both performance and portfolio construction perspectives.
Market & Macro
ESG and climate change are at the top of many political and regulatory agendas, making the task of institutional investing much more complex. The State Street Global Climate Transition strategy is a concentrated, high-conviction approach that seeks to generate alpha by selecting securities based on our analysts’ proprietary and forward-looking climate transition scores. Select ESG and climate change indicators are applied to the Sustainable Climate World Equity and Global Climate Transition strategies.
Market & Macro
As the 26th UN Climate Change conference (COP26) concluded in Glasgow, it was clear that this ambitious conference had produced developments that will impact the financial services industry. A new standards body was established, which will help achieve a longdesired global ESG reporting standard. The global community will be watching closely to see if COP27 can help drive implementation and action from countries committed to the Paris Agreement and to targets set at COP26.
Market & Macro
Inflation, rate rises, war, and crises of various stripes; a lot has changed in the world and the markets over the last year. Our latest research finds that while investors are indeed adapting their portfolios to the backdrop of inflation and rate hikes in the short term, there are deeper trends shaping the future state of fixed income portfolios. The opportunities are there.
Market & Macro
Forward-looking climate metrics can provide a more holistic view of companies’ ESG profiles, versus those metrics that solely focus on the past. They unveil risks that are not captured in the current climate profiles and bring to light opportunities related to mispricing. Read our critical analysis.
Market & Macro
We dive deeper and look at the unique data characteristics of climate data that need to be considered prior to implementation of climate objectives in equity index portfolios. Climate data is highly skewed and concentrated in a small number of names.
Market & Macro
To better understand the climate transition strategies playing out in the FGC investment universe, Climate Transition Scores have been created to help identify the companies, and sectors, that are best placed to manage the risks ahead and best able to capture related opportunities. As long-term investors, the Fundamental Growth and Core Equity (FGC) team recognizes the potential threat of climate change to our investments.
Market & Macro
EU Paris-Aligned and Climate Transition Benchmarks incorporate specific objectives aimed at the reduction of greenhouse gas emissions and the transition to a lower-carbon economy. These benchmarks differ quite materially and as such, it is important that bond investors look deeply to understand the impact on the resulting benchmark exposures, its characteristics and also performance.Products and Solutions
Assets under management
Per beleggingscategorie
*** State Street Global Advisors, per 31 december 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 december 2021.
Gegevens zijn per de vermelde datum en kunnen wijzigen.
Na deze datum moeten ze niet meer als actueel worden beschouwd.
Details
State Street Global Advisors is actief op de Nederlandse markt sinds 1992. Het team werkt sinds 2008 vanuit het kantoor in Amsterdam en bestaat uit acht professionals, waarvan er zich vijf voltijds toeleggen op het bedienen van Nederlandse institutionele partijen. Momenteel beheert dit team meer dan 83 miljard euro voor circa 90 klanten.*** Daarnaast beschikken we over drie teamleden die zich focussen op de distributie van onze SPDR ETF’s in Nederland.
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
We zijn voorzichtig optimistisch voor 2022. De markten worden verder op de proef gesteld door de Covid-19 pandemie, maar er is spaargeld om groei te ondersteunen, niettegenstaande de onzekerheid over inflatie en het monetaire beleid. Terwijl we hopen uit de humanitaire en economische crisis te klimmen, komen andere, dringende zaken terug op de voorgrond: de zoektocht naar rendement in een lage-rente omgeving, en de klimaatcrisis – allesbepalend de komende jaren.
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. De voorbije jaren hebben we een aantal nieuwe ESG-fondsoplossingen geïntroduceerd: twee fiscaal transparante fondsen tegen een groene benchmark en drie regionale klimaatfondsen. Ook onze bestaande fondsen blijven we verder vergroenen. Daarnaast anticiperen we op de trends die we zien en verwachten op de markt, zowel op het gebied van wet- en regelgeving als op onderwerpen als klimaat, SDG’s en impact investing.
Performance Measurement
Fee Structure
Afhankelijk van de wensen van de cliënt en van de aard van de belegging wordt in overleg een fee-structuur vastgesteld.
Disclaimer
* Pensions & Investments Research Center, as of 12/31/20.
** This figure is presented as of 31 December, 2021 and includes approximately $61,43 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 2021. Figures are subject to change. After this date they should no longer be considered as accurate.
Netherlands: State Street Global Advisors Netherlands, Apollo Building 7th floor, Herikerbergweg 29, 1101 CN Amsterdam, Netherlands. T: +31 20 7181 000. State Street Global Advisors Netherlands is a branch office of State Street Global Advisors Europe Limited, registered in Ireland with company number 49934, authorised and regulated by the Central Bank of Ireland, and whose registered office is at 78 Sir John Rogerson’s Quay, Dublin 2.
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.
©2021 State Street Corporation - All Rights Reserved
Information Classification: General
4014694.1.1.EMEA.INST
Exp. Date: 31/12/2022