Content and data provided by various third parties and Fidelity − Terms of Use | Help/Glossary

Print

| AAA

State Street Global Advisors Marks Milestone, New Partnership

BY | ETF Database

11/20/2024 | 49 VIEWS

Related Symbols
GLD

State Street Global Advisors, the third-largest issuer of ETFs in the U.S., is having an eventful week. The firm celebrated 20 years of trading for first physical gold ETF to list in the U.S., a major milestone, and filed to launch an ETF with Ray Dalio’s Bridgewater Associates. Bridgewater runs one of the most successful hedge funds in the world.“State Street Global Advisors has been bringing innovative ETFs for decades and continues to do so. It is great to see them partnering with top-tier firms to bring institutional expertise into the advisor market,” said TMX VettaFi Head of Research Todd Rosenbluth. The SPDR Gold Shares GLD launched in 2004 and became the first ETF to reach $1 billion in assets within just three trading days. Today, the fund is worth roughly $72 billion. GLD was groundbreaking because gold is difficult to own in large amounts. After all, it costs money to store it securely, and it’s not easy to transport. GLD’s existence means that investors can hold as much gold as they want, with no worries about its storage or safety, for just 40 basis points. Ultimately, the fund is a democratizing force for investors, making ownership of actual physical gold a possibility for all investors.State Street's New PartnershipOn Tuesday, news broke that State Street had filed to launch the SPDR Bridgewater All Weather ETF. Bridgewater will provide a unique multi-asset model portfolio that will serve as the basis for the ETF’s holdings. The proposed fund is essentially a “go anywhere” product that strongly resembles a hedge fund strategy. Its model can allocate largely as it sees fit across equities, fixed income securities, commodities and a range of derivatives. The derivatives will be held in a Cayman Islands subsidiary limited to 25% of the total portfolio. Earlier this year, State Street Global Advisors also teamed up with Apollo Global Management. The agreement targets the goal of bringing private market investments to a wider swath of investors. For more news, information, and strategy, visit ETFDB.

Performance data shown is past performance and is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. Yield and return will vary, therefore you have a gain or loss when you sell your shares. For standard quarterly performance, go to the fund's Snapshot page by clicking on the ETF/ETP's symbol.

ETFs may trade at a premium or discount to their NAV and are subject to the market fluctuations of their underlying investments.

For iShares ETFs, Fidelity receives compensation from the ETF sponsor and/or its affiliates in connection with an exclusive long-term marketing program that includes promotion of iShares ETFs and inclusion of iShares funds in certain FBS platforms and investment programs. Please note, this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral. Additional information about the sources, amounts, and terms of compensation can be found in the ETF's prospectus and related documents. Fidelity may add or waive commissions on ETFs without prior notice. BlackRock and iShares are registered trademarks of BlackRock, Inc. and its affiliates.

FBS receives compensation from the fund's advisor or its affiliates in connection with a marketing program that includes the promotion of this security and other ETFs to customers ("Marketing Program"). The Marketing Program creates incentives for FBS to encourage the purchase of certain ETFs. Additional information about the sources, amounts, and terms of compensation is in the ETF's prospectus and related documents. Please note that this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral.

News, commentary (including "Related Symbols") and events are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.

Any data, charts and other information provided on this page are intended to help self-directed investors evaluate exchange traded products (ETPs), including, but limited to exchange traded funds (ETFs) and exchange traded notes (ETNs). Criteria and inputs entered, including the choice to make ETP comparisons, are at the sole discretion of the user and are solely for the convenience of the user. Analyst opinions, ratings and reports are provided by third-parties unaffiliated with Fidelity. All information supplied or obtained from this page is for informational purposes only and should not be considered investment advice or guidance, an offer of or a solicitation of an offer to buy or sell a particular security, or a recommendation or endorsement by Fidelity of any security or investment strategy. Fidelity does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating ETPs. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use. Determine which securities are right for you based on your investment objectives, risk tolerance, financial situation and other individual factors and re-evaluate them on a periodic basis.

Before investing in any exchange traded product, you should consider its investment objective, risks, charges and expenses. Contact Fidelity for a prospectus, offering circular or, if available, a summary prospectus containing this information. Read it carefully.