Business & Finance
Wed, May 12, 2010Tue, May 11, 2010Mon, May 10, 2010Sun, May 9, 2010Sat, May 8, 2010Fri, May 7, 2010Thu, May 6, 2010Mon, January 11, 2010Sun, January 10, 2010Sat, January 9, 2010Fri, January 8, 2010State Street Publishes Vision Focus Report on Servicing Exchange Traded Funds
//business-finance.news-articles.net/content/201 .. s-report-on-servicing-exchange-traded-funds.html
Published in Business and Finance on Monday, May 10th 2010 at 7:10 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
BOSTON--([ BUSINESS WIRE ])--State Street Corporation (NYSE: STT), one of the worlda™s leading providers of financial services to institutional investors, today released its Vision Focus report on the trends, challenges and best practices in servicing exchange traded funds (ETFs). Entitled aETF Servicing: Moving Forward in a Market in Motion,a the report notes the need for innovation and efficiency in servicing these rapidly growing investment tools.
"ETF Servicing: Moving Forward in a Market in Motion"
ETFs currently account for more than $1 trillion in global assets under management and remain an efficient, low-cost, transparent and tax-friendly investment tool. However, ETF sponsors are facing new challenges as the funds continue to grow rapidly in both size and type.
aThe global expansion of ETFs requires broader knowledge about the nuances of different country markets and their regulatory rules,a said Alan Greene, executive vice president of State Streeta™s US global services business. aA number of servicing challenges come with diversification into fixed income and actively managed products from a base of passively managed domestic equity ETFs.a
The Vision report goes on to cite such best practices as Web-based service platforms, flexibility and highly customized client service provided by staff who share their expertise in numerous areas of fund administration, including legal, tax and treasury services.
State Street has utilized its leading-edge technology, consultative client approach and flexible servicing model to service ETFs since their inception in 1993.
State Streeta™s Vision Series addresses topics that affect the financial services industry today and tomorrow. Previous reports have focused on pensions, UCITS IV and sovereign wealth funds. To download a copy of this Vision Focus report or others in State Streeta™s Vision series of reports, please visit [ www.statestreet.com/vision ].
About State Street
State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $19 trillion in assets under custody and administration and $1.9 trillion in assets under management at March 31, 2010, State Street operates in 25 countries and more than 100 geographic markets worldwide. For more information, visit State Streeta™s website at [ www.statestreet.com ].
