Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:State Street Prepares for ETF Comeback Not Rated 3.3 Email Routing List Email & Route  Print Print
Wednesday, August 31, 2005

State Street Prepares for ETF Comeback

by: Sean Hanna, Editor in Chief

State Street is battling back to regain market share it has lost during the past half decade to Barclays. The Boston-based firm has filed 15 new exchange-traded funds (ETFs) with the SEC, including nine new products for its StreetTracks family.

The new funds are an attempt by SSgA to build its StreetTracks family into the dominate player in the ETF industry. The current leader in the category is Barclays Global Investors (BGI). The niche has also attracted the attention of industry giants Vanguard Group and Fidelity Investments.

A handful of smaller players -- including PowerShares and Rydex -- are also making a run at the business.

However, the decision by State Street to expand its StreetTracks family and marketing efforts reveal on of the problems new players in the ETF arena face. The fact that ETFs are currently based on indices leaves little room for advisors to show how they add value to investors and make differentiation a difficult task.

State Street, for example, has been forced to turn to indexes that many investors may find obscure. Among the new funds are ones that focus on specific sectors, including banking, capital markets, and insurance. It is also launching a dividend-focused product.

BGI already offers a dividend focused fund -- iShares Dow Jones Select Dividend Index -- which may leave the two firms battling on price rather than management ability. In that battle the player with the largest asset base typically wins and BGI already claims more than $7.3 billion in its fund. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

3.3
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use