[4] The company services financial clients by creating and managing investment strategies for governments, corporations, endowments, non-profit foundations, corporate treasurers and CFOs, asset managers, financial advisors and other intermediaries around the world.
[10] SSGA invented the investment vehicle known as the exchange-traded fund (ETF) in 1993 with the introduction of the S&P 500 SPDR product (Ticker: NYSE Arca: SPY),[11] which is traded on the American Stock Exchange.
The ETFs track international and domestic indices based on market capitalization, investment style, sector, industry, or commodity.
ETF products are also available in other parts of the world such as Belgium, France, Hong Kong, and Singapore under the streetTracks brand.
The statue is an advertisement for an index fund which comprises gender diverse companies that have a higher percentage of women among their senior leadership.
[30] In April 2009, a class action suit was filed against State Street, alleging SSGA chose illiquid, leveraged, and risky securities in their short-term, liquid fund products.