POWERED BY MOMENTUM MEDIA
State Street acquires exclusive S&P ETF licence
State Street Global Advisors (SSgA) has announced that it has acquired an exclusive licence from Standard & Poor’s (S&P) to list and trade SPDR exchange traded funds (ETFs) based upon the S&P/ASX 200.
The licence with S&P means SSgA has the right to offer an ETF product replicating Australia’s benchmark index of the country’s top 200 listed companies.
The SPDR S&P/ASX 200 had more than $2.17 billion in funds under management (FUM) at May 31, accounting for more than 65 per cent of total ETF assets offered in Australia.
Total FUM of all ETFs listed on the ASX soared by more than 97 per cent to $3.27 billion by the end of May, compared with $1.66 billion in May 2009, according to the ASX’s latest monthly update on listed managed investments.
Recommended for you
Jim Chalmers has defended changes to the Future Fund’s mandate, referring to himself as a “big supporter” of the sovereign wealth fund, amid fierce opposition from the Coalition, which has pledged to reverse any changes if it wins next year’s election.
In a new review of the country’s largest fund, a research house says it’s well placed to deliver attractive returns despite challenges.
Chant West analysis suggests super could be well placed to deliver a double-digit result by the end of the calendar year.
Specific valuation decisions made by the $88 billion fund at the beginning of the pandemic were “not adequate for the deteriorating market conditions”, according to the prudential regulator.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.56 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.06 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
26.81 3 y p.a(%)
