The ETFs have started trading on the NYSE Arca, which are being managed by SSgA’s Investment Solutions Group (ISG).
State Street Global Advisors’ SPDR Exchange Traded Funds senior managing director and global head James Ross said that the launch of the three new actively managed SPDR ETFs opens a new chapter in their longstanding commitment to democratizing access to institutional asset classes, strategies, and expertise.
"In providing a convenient, cost effective vehicle for investors and financial advisors to benefit from SSgA’s experience in global tactical asset allocation, our actively managed ETFs are an innovative addition to the SPDR ETF family," Ross said.
The new funds can cope with the temporary mis-pricings in the market, which works on a disciplined risk-managed quantitative process that is supplemented with fundamental analysis.
SPDR SSgA Multi-Asset Real Return ETF utilizes a fund-of-funds structure to invest in multiple exchange traded products representing asset classes, including inflation protected securities, real estate, commodities, and natural resources.
SPDR SSgA Income Allocation ETF seeks to provide exposure to income and yield-generating investments using a fund-of-funds structure.
SPDR SSgA Global Allocation ETF also utilizes a fund-of-funds structure which invests in multiple exchange traded products and a SSgA money market fund representing asset classes, such as domestic and international equities, real estate, debt securities, and cash, thus provides income, capital preservation, and low volatility.
