State Street reaches US$2t in ETF AUA
State Street has reached its milestone for the global exchange trade funds (ETF) assets under administration (AUA) which exceeded US$2 trillion as of 31 January 2017.
The company said this would translate into 55 per cent of the global industry’s ETFs and exchange traded products (ETPs) assets under management to be currently served by State Street.
State Street’s senior vice president, Frank Koudelka, said: “We continue to make tremendous investments in servicing the ETF structure, which in turn allows us to quickly and seamlessly support the launch of innovative products for our clients.”
“Clients continue to bring their business to State Street because of our commitment to the exchange traded product structure, our ongoing investment in our proprietary, core platform and our scale,” he said.
AUTHOR
Oksana Patron
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