State Street

0.5%

State Street Corporation is an American multinational financial services and investment management company headquartered in Boston, Massachusetts. It is one of the largest asset management companies in the world, with more than $40 trillion in assets under custody and administration and $3.4 trillion in assets under management as of June 2021.
Founded in 1792, State Street is one of the oldest financial institutions in the United States. It has a global presence, with operations in 29 countries and territories and more than 39,000 employees worldwide. The company offers a wide range of services, including investment management, research, trading, and securities lending.
State Street is also a leading provider of financial technology and data analytics solutions for the investment industry. Its flagship product, the State Street Global Exchange, helps clients make better investment decisions through data-driven insights and analytics.
The company is committed to promoting diversity, equity, and inclusion within its workforce and across the investment industry. It has established several initiatives and partnerships to support underrepresented groups in finance, including women, people of color, and the LGBTQ+ community.
Some of State Street's notable achievements include being the first financial institution to receive a charter to operate a bank in the United States, pioneering the first passive index fund, and being the first company to offer exchange-traded funds (ETFs).
Overall, State Street is a reputable and well-established company in the finance and investment industry, with a strong commitment to innovation, diversity, and responsible business practices.

There are a few things that stand out about State Street:
1. History: State Street is one of the oldest financial institutions in the United States, founded in 1792. It has a long history of providing financial services and has survived multiple economic downturns.
2. Size and reach: State Street is one of the largest financial institutions in the world, with operations in more than 100 markets worldwide. It has a global presence and serves a wide range of clients, including corporations, institutional investors, and government agencies.
3. Focus on institutional investors: State Street primarily serves institutional investors, such as pension funds, mutual funds, and insurance companies. This focus has allowed it to develop specialized expertise in providing investment services tailored to the needs of these clients.
4. Expertise in asset management and custody services: State Street is a leader in asset management, offering a wide range of investment solutions for clients. It also has a strong reputation for its custody services, which involve safeguarding financial assets and providing back-office support for transactions.
5. Technology and innovation: State Street has been recognized for its use of technology and innovation in the financial industry. It has invested heavily in digital transformation and has a dedicated technology division to develop innovative solutions for its clients.
6. Commitment to diversity and inclusion: State Street is known for its commitment to diversity and inclusion, both within its own organization and in the companies it invests in. It has received recognition for its efforts to promote gender equality and diversity in the workplace.

1. State Street Corporation is a global financial services firm headquartered in Boston, Massachusetts. It was founded in 1792 and is one of the oldest financial institutions in the United States.
2. The company offers a range of services including investment management, research, securities lending, and other financial services to institutional investors such as pension funds, endowments, and banks.
3. State Street is one of the largest custodian banks in the world, with over $38 trillion in assets under custody and administration.
4. The corporation has a global presence, with operations in more than 100 markets worldwide, including North America, Europe, Asia Pacific, and the Middle East.
5. In addition to its financial services, State Street is also known for its role in the development of the Standard & Poor’s 500 Index (S&P 500), one of the most widely used stock market indices in the world.
6. The company has a long history of innovation and was the first to offer unit investment trusts and the first to launch an exchange-traded fund (ETF).
7. State Street has been recognized for its commitment to diversity and inclusion, ranking in the top 10 of DiversityInc’s Top 50 Companies for Diversity in 2020.
8. The corporation also has a strong focus on sustainability and has been named one of the World’s Most Ethical Companies by the Ethisphere Institute for 12 consecutive years.
9. In 2011, State Street became the first company to sign the United Nations’ Principles for Responsible Investment, showing its commitment to incorporating environmental, social, and governance (ESG) factors into its investment strategies.
10. State Street has a long history of philanthropy and social responsibility, with a focus on supporting education, economic development, and community development initiatives. In 2019, the corporation donated over $25 million to charitable organizations globally.

The State Street company's primary line of business is financial services, specifically investment management, investment research and trading, custody and administrative services, and investment servicing. They also provide data and analytics, as well as technology and consulting services to institutional investors and corporations.