State Street Corporation

State Street Corporation

August 11, 2005 16:02 ET

State Street Global Advisors Launches New Canadian Enhanced Equity Index Strategy

MONTREAL, QUEBEC--(CCNMatthews - Aug. 11, 2005) - State Street Global Advisors (SSgA), the investment management arm of State Street Corporation (NYSE:STT) and the largest institutional fund manager in the world, today announced the launch of Canadian Index Plus, the company's first enhanced strategy offering exposure to the Canadian equities market. The strategy has already received initial funding of C$130 million. The risk-controlled, quantitatively managed strategy will seek to outperform its benchmark-the S&P/TSX Composite Index-by 75 -125 basis points per annum.

An enhanced investment strategy seeks to provide a consistent amount of excess return while closely tracking the characteristics of the benchmark. Borrowing elements of both passive and active management, enhanced strategies focus on controlling risk while adding value. These risk controls seek to ensure that the strategy does not have a style or size bias relative to the underlying benchmark.

"We have seen a strong interest in enhanced indexation strategies from our clients and developed this dedicated strategy to meet the unique needs of our institutional clients in Canada," said Gregory Chrispin, chief investment officer for SSgA in Canada. "We believe that enhanced indexation should be considered as a core part of an institutional investors' portfolio as a potential means of providing an efficient and low-risk method of capturing consistent returns".

State Street Global Advisors has been managing enhanced equity strategies for more than a decade, and continues to see increasing client interest in such strategies. From 2003 to 2004, SSgA's enhanced equity assets grew by a staggering 83 percent.

About State Street Global Advisors

State Street Global Advisors, the investment management group of State Street Corporation, delivers investment strategies and integrated solutions to clients worldwide across every asset class, investment approach and style. With $1.4 trillion in investment programs and portfolios (as of June 30, 2005), State Street Global Advisors has investment centers in Boston, Hong Kong, London, Milan, Montreal, Munich, Paris, Singapore, Sydney, Tokyo, and Zurich, and offices in 28 cities worldwide. For more information, visit State Street Global Advisors at

Contact Information