Displaying 39 results
Fund companies, in no-win situation, test shareholder proxy voting
BlackRock, Schwab, Vanguard and State Street could be inviting a political backlash with proxy voting campaigns aimed at avoiding a political backlash.
Vanguard gives fund shareholders some proxy-voting power
Republicans have criticized the big asset managers over their proxy-voting practices.
ETF pioneer Kathleen Moriarty dies at 69
She earned the nickname 'SPDR Woman' for her work on the SPDR S&P 500 ETF Trust, which State Street Corp. introduced in 1993.
Big Three’s grip on ETF market continues to slip
Vanguard, BlackRock and State Street still command about 79% of all U.S. exchange-traded fund assets, but that's down from 91% in 2006.
GOP senators amping up efforts to rein in BlackRock, State Street, Vanguard on ESG issues
Report says the asset managers are using their stakes in public companies to cast proxy votes that favor a ‘liberal political agenda.’
Pensions ahead of ESG funds on proxy votes
Compared with general shareholder votes, defined-benefit programs were much more likely to support resolutions around ESG governance and worker protection.
State Street falls after report it may acquire Credit Suisse
Swiss blog says State Street could make an offer for bank. State Street says it’s focusing on Brown Brothers purchase.
Firms outline DEI efforts for Black History Month
Financial services companies recognize Black History Month, and DiversityQ has guidance for being a better ally.
BlackRock to pull bulk of U.S. ETF assets from State Street
In a move to reduce its reliance on State Street's custody services, BlackRock will shift 40% of the $2.2 trillion in assets to Citigroup, 30% to JPMorgan Chase and 15% to Bank of New York Mellon.
UBS, State Street among firms whose green funds fall short
More than half the climate-themed funds reviewed by a nonprofit failed to live up to the climate goals set out in the Paris Agreement, while just over 70% of funds promising ESG goals fell short.
State Street will leave NYC offices, embrace hybrid work
The company plans to close its two midtown Manhattan offices, and its New York-based staff will work remotely or from buildings in New Jersey and Connecticut.
Most investors don’t understand investment costs, survey finds
Almost half believe that fund management costs are included in fee they pay their adviser, according to a State Street survey.
Demand for alternatives puts pressure on asset managers: State Street
To avoid data inefficiency, alternative managers must take a tech-led approach to meet the evolving needs of their clients, State Street says.
State Street sued over 401(k); Columbia settles for $13 million
The State Street plan did not include the lowest-cost share classes of the Target Retirement Securities Lending series, and there were some options from third parties with stronger performance records, according to the complaint.
State Street cuts ETF fees, ramping up race to zero
The company's announcement that it was slashing fees on two of its bond funds came just a day after BlackRock lowered fees on its lineup of style ETFs.
BlackRock, Vanguard not that supportive of shareholder ESG resolutions
BlackRock voted in favor of just 11% of climate resolutions in the 12 months ended in August, while Vanguard voted in favor of 15%
State Street tells companies ESG moves no longer optional
The asset manager says it is prepared to take voting action at companies in major stock indexes that are underperforming their peers on environmental, social and governance issues
Index fund giants draw antitrust scrutiny in U.S. merger reviews
U.S. antitrust officials have begun asking companies about communications with their biggest shareholders as part of merger investigations
State Street cuts fees, renames 15 ETFs
Reductions range from 5 basis points to 48.
