State Street's latest salvo in the ETF fee war: major expense cuts in its SPDRs. And the best part? Everyone's a winner for it. More
State Street Global Advisors
State Street Global Advisors (SSgA) is the asset management division of State Street Corporation. After its founding in 1990, SSgA invented the exchange-traded fund (ETF) in 1993. SSgA created the new investment vehicle with the introduction of the S&P 500 SPDR product. Nowadays, SSgA is still one of the top ETF managers.
State Street (STT) has launched two new exchange traded funds and FactorShares launches new leveraged ETFs. More