New SPDR® University Webcast Launched As Part of Q1 Initiative To
Help Investment Professionals Retain Clients
State Street Global Advisors, the investment management arm of State
Street Corporation (NYSE: STT), today announced that assets under
management in SPDR ETFs totaled $159.4 billion at the end of 2008.
During the year, net inflows into State Street’s family of 80 SPDR ETFs
reached a record high of $70.1 billion, which represents approximately
39 percent of the ETF industry’s annual net inflows.¹
“The growth of SPDR ETFs amid unprecedented market volatility
underscores State Street’s commitment to providing innovative investment
vehicles that are helping to change the way financial advisors and
investors construct and manage their portfolios,” said Anthony Rochte,
senior managing director at State Street Global Advisors.
Net inflows spanned across nearly the entire family of SPDR ETFs, as 70
of the 80 SPDR ETFs (87.5 percent) posted positive cash flows during the
year. Amid turbulent market conditions in 2008, demand for fixed income
SPDR ETFs and the SPDR Gold Shares (Symbol: GLD) was particularly strong
with assets increasing 444 percent and 29 percent respectively.
“The record high inflows into SPDR ETFs in 2008 are a testament to the
strength of our diversified product lineup and the unmatched support we
provide to financial professionals seeking to better understand how ETFs
can be used to simultaneously manage portfolio challenges and costs,”
said James Ross, senior managing director at State Street Global
Advisors.
SPDR University Hosts “The Running of the Bears: Stay Ahead of the
Stampede & Strengthen Client Relationships” Webcast
SPDR University (www.spdru.com),
State Street’s award-winning online educational resource for investment
professionals’ use only, today introduced a new on-demand webcast
titled, “The Running of the Bears: Stay Ahead of the Stampede and
Strengthen Client Relationships.”
Designed as part of a broad initiative to help financial advisors retain
client relationships during uncertain times, the webcast features
research findings on the impact of the financial crisis on the affluent
client-advisor relationship, best practices on building stronger client
relationships, and actionable advice on using wealth counseling skills
to effectively communicate with clients from Hannah Shaw Grove, the
principal of HSGrove Private Wealth Consultancy and Dr.
