Latest news with #StateStreet
Business Wire
a day ago
- Business
- Business Wire
State Street to Speak at the Morgan Stanley U.S. Financials Conference
BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE: STT) announced today that its Chairman & Chief Executive Officer, Ron O'Hanley, and its interim Chief Financial Officer, Mark Keating, will present at the Morgan Stanley U.S. Financials Conference in New York, NY on Wednesday, June 11, 2025 at approximately 9:00 am ET. An audio webcast of the event will be accessible on the home page of State Street's Investor Relations website, A recorded replay will be available on the Investor Relations website later that day, for approximately ninety days following the presentation. About State Street Corporation 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 $46.7 trillion in assets under custody and/or administration and $4.7 trillion* in assets under management as of March 31, 2025, State Street operates globally in more than 100 geographic markets and employs approximately 53,000 worldwide. For more information, visit State Street's website at *Assets under management as of March 31, 2025 includes approximately $106 billion 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.
CNBC
a day ago
- Business
- CNBC
Tariffs didn't bite the stock market in May, but June could be a different story
The strong performance for stocks in May could be a sign that Wall Street has decided to shrug off President Donald Trump's tariff plans, but there are some reasons to think the impact on trade will be harder to avoid in the months ahead. For one, global trade does not appear to have found a new equilibrium just yet. Container ship departures from China to the U.S. are trending lower again, and as of late May were down almost half from the same time a year ago, according to a chart shared by Apollo Global Management chief economist Torsten Slok. "The court ruling and reversal over the past few days is not making it easier for businesses to decide if they should import now or wait," Slok said in a note Friday. Add in Trump's accusation on Friday that China has " violated " the preliminary trade agreement reached earlier this month, and it's hard to blame companies who might be hesitant to place that next import order. Inflation is another factor that is still up in the air. Friday's personal consumption index data came in a tick lower than expected , but that reading was for April. Cayla Seder, macro multi-asset strategist at State Street, told CNBC that her firm's data shows a recent uptick in prices for household goods and electronics. That could lead to continued pressure on stocks like tech hardware and retail, many of which are already trailing the broader market in 2025. XRT YTD mountain This retail ETF is underperforming the S & P 500 in 2025. "You see a preference for producers and strong selling of retailers ... You have producers who are passing on the price increases to retailers, and now it's up to retailers to pass those price increases on to the consumer," Seder said. Of course, just because the impact of tariffs may not be fully seen yet does not mean the stock market must re-test its lows from April. Ritholtz Wealth Management CEO Josh Brown said on Friday's " Halftime Report " on CNBC that the issues of some companies, such as struggling retailers, "pale in comparison" to the stronger parts of the market, like Big Tech. But with most trade routes operating under an ever changing and legally uncertain cloud, the summer just might present more challenges for the current bull market.
Bloomberg
a day ago
- Business
- Bloomberg
Who Wants Another Private Credit ETF? Asking for State Street
PRIV has been met with muted demand. But State Street is already planning a second one. By Save Welcome to ETF IQ, a weekly newsletter dedicated to the $14 trillion global ETF industry. I'm Bloomberg News reporter and anchor Katie Greifeld. 'If you build it, they will come' hasn't necessarily been State Street Corp.'s experience in launching the first-ever private credit ETF, which has been met with incredibly muted demand. Nevertheless, the firm is already planning for round two.
Forbes
a day ago
- Business
- Forbes
How To Avoid The Worst Style ETFs In Q2 Of 2025
Tile letter on red rack in word ETF (abbreviation of Exchange Traded Fund) on wood background Question: Why are there so many ETFs? Answer: ETF issuance is profitable, so Wall Street keeps cranking out more products to sell. The large number of ETFs has little to do with serving your best interests as an investor. I leverage this data to identify three red flags you can use to avoid the worst ETFs: This issue is the easiest to avoid, and my advice is simple. Avoid all ETFs with less than $100 million in assets. Low levels of liquidity can lead to a discrepancy between the price of the ETF and the underlying value of the securities it holds. Small ETFs also generally have lower trading volume, which translates to higher trading costs via larger bid-ask spreads. ETFs should be cheap, but not all of them are. The first step is to benchmark what cheap means. To ensure you are paying at or below average fees, invest only in ETFs with total annual costs below 0.48%, – the average total annual cost of the 897 U.S. equity Style ETFs my firm covers. The weighted average is lower at 0.13%, which highlights how investors tend to put their money in ETFs with low fees. Figure 1 shows Infrastructure Capital Equity Income ETF (ICAP) is the most expensive style ETF and State Street SPDR Portfolio S&P 500 ETF (SPLG) is the least expensive. WBI provides three of the most expensive ETFs while State Street ETFs are among the cheapest. Figure 1: 5 Most and Least Expensive Style ETFs Most Expensive Style ETFs in 2Q25 Investors need not pay high fees for quality holdings. iShares Core S&P 500 ETF (IVV) is the best ranked style ETF in Figure 1. IVV's neutral Portfolio Management rating and 0.03% total annual cost earns it an attractive rating. Alpha Architect U.S. Quantitative Value ETF (QVAL) is one of the best ranked style ETFs overall. QVAL's attractive Portfolio Management rating and 0.32% total annual cost earns it a very attractive rating. On the other hand, Vanguard Small Cap Index Fund (VB) holds poor stocks and earns an Unattractive rating, despite having low total annual costs of 0.06%. No matter how cheap an ETF looks, if it holds bad stocks, its performance will be bad. The quality of an ETF's holdings matters more than its management fee. Avoiding poor holdings is by far the hardest part of avoiding bad ETFs, but it is also the most important because an ETFs performance is determined more by its holdings than its costs. Figure 2 shows the ETFs within each style with the worst portfolio management ratings, a function of the fund's holdings. Figure 2: Style ETFs with the Worst Holdings Worst Style ETFs in 2Q25 Invesco appears more often than any other providers in Figure 2, which means that they offer the most ETFs with the worst holdings. Invesco NASDAQ Future Gen 200 ETF (QQQS) is the worst rated ETF in Figure 2 based on my predictive overall rating. Motley Fool Small Cap Growth ETF (TMFS), Renaissance IPO ETF (IPO), and Invesco S&P Small Cap 600 Pure Value ETF (RZV) also earn a very unattractive predictive overall rating, which means not only do they hold poor stocks, they charge high total annual costs. Buying an ETF without analyzing its holdings is like buying a stock without analyzing its business model and finances. Put another way, research on ETF holdings is necessary due diligence because an ETF's performance is only as good as its holdings. PERFORMANCE OF ETFs HOLDINGs – FEES = PERFORMANCE OF ETF
Forbes
3 days ago
- Business
- Forbes
How To Avoid The Worst Sector ETFs In Q2 Of 2025
ETF - Exchange Traded Funds; stock market and exchange. Business; trading; investment funds; profit; ... More strategy. 3D illustration Question: Why are there so many ETFs? Answer: ETF issuance is profitable, so Wall Street keeps cranking out more products to sell. The large number of ETFs has little to do with serving your best interests as an investor. I leverage this data to identify three red flags you can use to avoid the worst ETFs: This issue is the easiest to avoid, and my advice is simple. Avoid all ETFs with less than $100 million in assets. Low levels of liquidity can lead to a discrepancy between the price of the ETF and the underlying value of the securities it holds. Small ETFs also generally have lower trading volume, which translates to higher trading costs via larger bid-ask spreads. ETFs should be cheap, but not all of them are. The first step here is to benchmark what cheap means. To ensure you are paying average or below average fees, invest only in ETFs with total annual costs below 0.53% – the average total annual costs of the 346 U.S. equity Sector ETFs my firm covers. The weighted average is lower at 0.24%%, which highlights how investors tend to put their money in ETFs with low fees. Figure 1 shows InfraCap MLP ETF (AMZA) is the most expensive sector ETF and Schwab U.S. REIT ETF (SCHH) is the least expensive. No one provider provides more than one of the most expensive ETFs while State Street ETFs (XLC, XLP, XLF, XLE) ETFs are among the cheapest. Figure 1: 5 Most and Least Expensive Sector ETFs Most Expensive Sector ETFs 2Q25 Investors need not pay high fees for quality holdings. State Street Communication Services Select Sector SPDR Fund (XLC) is the best ranked sector ETF in Figure 1. XLC's neutral Portfolio Management rating and 0.09% total annual cost earns it a very attractive rating. iShares U.S. Insurance ETF (IAK) is the best ranked sector ETF overall. IAK's attractive Portfolio Management rating and 0.43% total annual cost also earns it a very attractive rating. On the other hand, Schwab U.S. REIT ETF (SCHH) holds poor stocks and earns my unattractive, despite having low total annual costs of 0.08%. No matter how cheap an ETF looks, if it holds bad stocks, its performance will be bad. The quality of an ETF's holdings matters more than its management fee. Avoiding poor holdings is by far the hardest part of avoiding bad ETFs, but it is also the most important because an ETF's performance is determined more by its holdings than its costs. Figure 2 shows the ETFs within each sector with the worst holdings or portfolio management ratings. Figure 2: Sector ETFs with the Worst Holdings Worst Sector ETFs 2Q25 State Street appears more often than any other providers in Figure 2, which means that they offer the most ETFs with the worst holdings. Global X Genomics & Biotechnology ETF (GNOM) is the worst rated ETF in Figure 2 based on my predictive overall rating. VanEck Green Infrastructure ETF (RNEW), State Street Utilities Select Sector SPDR Fund (XLU) ALPS Active REIT ETF (REIT), ProShares S&P Kensho Smart Factories ETF (MAKX), State Street SPDR S&P Aerospace & Defense ETF (XAR), and State Street SPDR S&P Telecom ETF (XTL) also earn a very unattractive predictive overall rating, which means not only do they hold poor stocks, they charge high total annual costs. Buying an ETF without analyzing its holdings is like buying a stock without analyzing its business and finances. Put another way, research on ETF holdings is necessary due diligence because an ETF's performance is only as good as its holdings. PERFORMANCE OF ETFs HOLDINGs – FEES = PERFORMANCE OF ETF
