State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), has announced the registration of eight funds under Section 65 of the Collective Investment Schemes Control Act within South Africa.
The registration opens access to these funds to local investors. Market appetite in South Africa is increasingly looking for offshore diversification, sustainable investing solutions and cost-efficient index solutions. In response to investor demand, the newly registered funds equip local wealth managers, private banks, institutional investors, and family offices with institutional quality solutions, including:
- Liquidity & Cash Management Solutions – Providing USD liquidity options for corporate and institutional clients.
- Global Equity Exposure – Offering investors access to global markets through well-diversified, systematically managed equity strategies.
- Fixed Income Strategies – Enabling diversified portfolio construction with access to global bond markets.
Emmanuel Laurina, Head of Middle East, Africa and Official Institutions, State Street Global Advisors, said: “This registration marks a significant step in SSGA’s long-term commitment to South Africa, providing investors with greater access to institutional-quality investment solutions that enhance portfolio diversification and cost efficiencies, whilst meeting clients’ investment objectives. Our goal is to bridge the gap between local investors and global markets and provide our clients with global equity, liquidity and fixed income investment solutions within vehicles that support efficient portfolio construction, risk management and long-term growth.”
Anna Paglia, Executive Vice President, Chief Business Officer for State Street Global Advisors added: “Today’s announcement is just the beginning. We plan to introduce more tailored solutions and world class investment vehicles that provide access to a broad range of global asset classes for our clients in the South African market.”
The eight funds registered in South Africa include:
A. The following Irish-domiciled UCITS MMFs:
- State Street USD Liquidity LVNAV Fund
- State Street USD Treasury Liquidity Fund; and
B. The following Luxembourg-domiciled UCITS:
- State Street Global Value Spotlight Fund
- State Street Global Emerging Markets Screened Index Equity Fund
- State Street Global Aggregate Bond Index Fund
- State Street Global High Yield Bond Screened Index Fund
- State Street World ESG Index Equity Fund
- State Street World Screened Index Equity Fund
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