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Net inflows to State Street’s SPDR ETFs reached USD70.1bn in 2008

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State Street Global Advisors, the investment management arm of State Street Corporation, has announced that assets under management in SPDR exchange-traded funds totalled USD159.4bn at

State Street Global Advisors, the investment management arm of State Street Corporation, has announced that assets under management in SPDR exchange-traded funds totalled USD159.4bn at the end of 2008.

During the year, net inflows into State Street’s 80 SPDR ETFs set a new record of USD70.1bn, equivalent to around 39 per cent of the ETF industry’s annual net inflows.

“The growth of SPDR ETFs amid unprecedented market volatility underscores State Street’s commitment to providing innovative investment vehicles that are helping to change the way financial advisors and investors construct and manage their portfolios,” says Anthony Rochte, a senior managing director at State Street Global Advisors.

Net inflows spanned across nearly the entire family of SPDR ETFs, as 70 of the 80 SPDR ETFs (87.5 per cent) posted positive cash flows during the year. Demand for fixed income SPDR ETFs and the SPDR Gold Shares was particularly strong with assets increasing by 444 per cent and 29 per cent respectively.

“The record high inflows into SPDR ETFs in 2008 are a testament to the strength of our diversified product line-up and the unmatched support we provide to financial professionals seeking to better understand how ETFs can be used to simultaneously manage portfolio challenges and costs,” says James Ross, another senior managing director at State Street Global Advisors.

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