State Street Global Advisors to Launch New Company Board-Aligned Voting Policy
2023年11月29日 - 9:00PM
ビジネスワイヤ(英語)
Expands voter choice as program goes live
for US ETF and mutual fund investors
State Street Global Advisors, the asset management business of
State Street Corporation (NYSE: STT), today announced it will offer
investors a new company board-aligned voting policy option to
further expand investor choice.
The Vote with Company Board Recommendation Policy option, which
will be the most widely available of its kind in the industry,
allows shareholders in US equity index ETFs and mutual funds
managed by State Street Global Advisors to strictly align the
voting of their shares with the proxy voting recommendations of the
boards of directors of the portfolio companies in which those funds
are invested.
Additional details and information on the proxy voting policies
that will be offered to investors as part of this program can be
found on the State Street Global Advisors website.
“As pioneers in the ETF and mutual fund industry, we are proud
to launch another meaningful enhancement that expands how investors
can express their views,” said Yie-Hsin Hung, CEO of State Street
Global Advisors. “This new option, which will vote in line with a
board’s recommendation, is proof of our commitment to expand proxy
voting choices for our clients.”
In May, State Street Global Advisors announced the expansion of
its proxy voting choice offering to include investors that own its
US equity index ETFs and mutual funds. The program will now go live
this month and expand investor voting choice to all investors in
equity index US SPDR ETFs and equity index US SSGA Mutual Funds
that invest in US public equities, and will cover more than 80% of
eligible index equity assets, including all US institutional equity
index funds.
“We believe in providing choice – both in the products we offer
to our clients and in the investor voting choice program that we
continue to expand on,” said Lori Heinel, global chief investment
officer at State Street Global Advisors. “For investors who believe
that management and boards generally act in the best interests of
shareholders, this proxy voting option aligns well with that
view.”
Similar to separately-managed accounts, shareholders of all our
funds that are eligible for the program can continue to delegate
their votes to the State Street Global Advisors Asset Stewardship
team by choosing not to opt in to the firm’s proxy voting program
and have State Street Global Advisors continue to vote the shares
held by the funds in which they are invested.
About State Street Global Advisors
For four decades, State Street Global Advisors has served the
world’s governments, institutions and financial advisors. With a
rigorous, risk-aware approach built on research, analysis and
market-tested experience, we build from a breadth of index and
active strategies to create cost-effective solutions. And, as
pioneers in index, ETF, and ESG investing, we are always inventing
new ways to invest. As a result, we have become the world’s fourth
largest asset manager* with US $3.69 trillion† under our care.
*Pensions & Investments Research Center, as of 12/31/22.
†This figure is presented as of September 30, 2023 and includes
approximately $58.13 billion USD of assets with respect to SPDR
products for which State Street Global Advisors Funds Distributors,
LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State
Street Global Advisors are affiliated. Please note all AUM is
unaudited.
Investing involves risk including the risk of loss of
principal.
The whole or any part of this work may not be reproduced, copied
or transmitted or any of its contents disclosed to third parties
without SSGA’s express written consent.
All information is from SSGA unless otherwise noted and has been
obtained from sources believed to be reliable, but its accuracy is
not guaranteed. There is no representation or warranty as to the
current accuracy, reliability or completeness of, nor liability
for, decisions based on such information and it should not be
relied on as such.
The information provided does not constitute investment advice
and it should not be relied on as such. It should not be considered
a solicitation to buy or an offer to sell a security. It does not
take into account any investor's particular investment objectives,
strategies, tax status or investment horizon. You should consult
your tax and financial advisor.
State Street Global Advisors, Channel Center,1 Iron Street,
Boston, MA, 02210, United States
6121103.1.1.GBL.RTL
© 2023 State Street Corporation - All Rights Reserved
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Randall Jensen (North America) +1 (929) 244-3768
rjensen@statestreet.com
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lomahony@statestreet.com
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