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SSgA expands LDI range of funds

Tuesday, 24 April 2012
SSgA expands LDI range of fundsState Street Global Advisors (SSgA), the investment management business of State Street Corporation (NYSE:STT), has enhanced its liability driven investing (LDI) strategies with the launch of 10 leveraged gilt funds. The new derivative-based range includes Fixed Gilt Funds with set maturity dates of 2020, 2030, 2040, 2049 and 2060, and Index Linked Gilt Funds set to mature in 2022, 2032, 2042, 2055 and 2062. SSgA also offers physical-based Single Stock Gilt Funds in its LDI range. These include Fixed Gilt Funds with maturity dates of December 2049, December 2055 and January 2060; and Index Linked Gilt Funds with maturity dates of November in the years 2027, 2032, 2037, 2042, 2047, 2050, 2055 and 2062.http://www.ftseglobalmarkets.com/

State Street Global Advisors (SSgA), the investment management business of State Street Corporation (NYSE:STT), has enhanced its liability driven investing (LDI) strategies with the launch of 10 leveraged gilt funds. The new derivative-based range includes Fixed Gilt Funds with set maturity dates of 2020, 2030, 2040, 2049 and 2060, and Index Linked Gilt Funds set to mature in 2022, 2032, 2042, 2055 and 2062. SSgA also offers physical-based Single Stock Gilt Funds in its LDI range. These include Fixed Gilt Funds with maturity dates of December 2049, December 2055 and January 2060; and Index Linked Gilt Funds with maturity dates of November in the years 2027, 2032, 2037, 2042, 2047, 2050, 2055 and 2062.

The new funds funds are aimed at offering pension schemes and institutional investors a way to extend inflation- and interest-rate protection in their liability-matching portfolios. The leveraged nature of these funds help provide further flexibility for schemes by allowing a smaller initial investment, thereby freeing capital to allocate according to a portfolio’s growth objectives.“These new funds are part of a broader product build-out of our LDI offering. Combined with the existing set of physical bond strategies, including single stock bond funds, SSgA now offers pensions schemes and institutional investors exceptional breadth for extending inflation- and interest-rate protection on their liability-matching portfolios. The leveraged funds provide extra flexibility for schemes to focus on building asset growth in line with their overall investment objectives,” says Susan Raynes, head of the UK, Middle East and Africa at SSgA.

The Single Stock and Leveraged Gilt funds can be used in tailored combinations to suit the objectives and risk tolerances of a scheme. They complement SSgA’s conventional bond index funds, enabling investors to structure stable and cost-effective hedging portfolios.

 

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