State Street Global Advisors Adopts CFA Institute Asset Manager Code of Professional Conduct

  State Street Global Advisors Adopts CFA Institute Asset Manager Code of
  Professional Conduct

 SSgA joins growing list of firms to pledge ethical behavior to shape a more
                        trustworthy financial industry

Business Wire

NEW YORK -- September 19, 2013

CFA Institute, the global association of investment professionals that sets
the standard for professional excellence, has added State Street Global
Advisors to the growing roster of investment firms that claim compliance with
its Asset Manager Code of Professional Conduct. State Street Global Advisors
joins over 900 firms worldwide that claim compliance with the code.

The Asset Manager Code of Professional Conduct clearly outlines the ethical
and professional responsibilities of firms that manage assets on behalf of
clients. For investors, the code provides a benchmark of ethical conduct they
should expect from their asset managers and offers a greater level of
confidence in firms that adopt the code.

“More than ever, investors need to know there are ethical leaders in the
financial industry they can trust, and who are committed to providing for
their best interests,” said Rick Lacaille, Chief Investment Officer of State
Street Global Advisors. “As one of the world’s leading asset managers, we take
fiduciary responsibility very seriously. Adopting the Asset Manager Code of
Professional Conduct is one of the many ways in which we demonstrate that
commitment to our clients.”

The Asset Manager Code of Professional Conduct is grounded in the ethical
principles of CFA Institute and the CFA Program, and requires that managers
commit to the following professional standards:

  *To act in a professional and ethical manner at all times
  *To act for the benefit of clients
  *To act with independence and objectivity
  *To act with skill, competence, and diligence
  *To communicate with clients in a timely and accurate manner
  *To uphold the rules governing capital markets

“The financial industry is dealing with a crisis of investor trust, and it is
up to ethical investment professionals and firms to demonstrate their
integrity and restore trust in the profession,” said Kurt Schacht, JD, CFA,
managing director of Standards and Financial Market Integrity at CFA
Institute. “The Asset Manager Code of Conduct offers ethical firms the
opportunity to take the lead and show their commitment to shaping a more
trustworthy financial industry.”

In the United States, there are a total of 772 firms claiming compliance with
the Code including Loomis Sayles, Morgan Stanley Investment Management, Inc.,
US Bancorp Asset Management, JP Morgan Asset Management, Ariel Investments and
Janus Capital Management. (View the full list.)

About CFA Institute

CFA Institute is the global association of investment professionals that sets
the standard for professional excellence and credentials. The organization is
a champion for ethical behavior in investment markets and a respected source
of knowledge in the global financial community. The end goal: to create an
environment where investors’ interests come first, markets function at their
best, and economies grow. CFA Institute has more than 110,000 members in 139
countries and territories, including 100,000 CFA charterholders. For more
information, visit www.cfainstitute.org.

About State Street Global Advisors

State Street Global Advisors (SSgA) is a global leader in asset management.
The firm is relied on by sophisticated investors worldwide for its disciplined
investment process, powerful global investment platform and access to every
major asset class, capitalization range and style. SSgA is the asset
management business of State Street Corporation, one of the world's leading
providers of financial services to institutional investors. www.ssga.com.

Contact:

CFA Institute
J.D. McCartney, +1 212-418-6889
New York
jd.mccartney@cfainstitute.org
 
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