Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

State Street Teaming With MFS to Open Active Equity ETFs

State Street Corp., the second-biggest provider of exchange-traded funds, plans to introduce its first actively managed stock ETFs in partnership with MFS Investment Management.

The three funds, the SPDR MFS Systematic Core Equity ETF, Growth Equity ETF and Value Equity ETF, will open tomorrow on the New York Stock Exchange, according to a statement yesterday from NYSE Euronext.

Fund companies for years have contemplated ways to combine the security selection of active mutual funds with the ease of trading and cost savings of ETFs, most of which track indexes. The transparency of ETFs, which are required to reveal all their holdings daily, has discouraged many would-be providers, especially equity investors.

Actively managed funds account for about $14.7 billion, or 0.9 percent of U.S. ETF assets, according to data compiled by Bloomberg.

State Street, based in Boston, offers 197 ETFs holding $413 billion in assets, second only to New York-based BlackRock Inc.’s $898 billion, according to the data. Boston-based MFS, manager of the first open-end mutual fund in the U.S., oversaw $413 billion in assets as of Dec. 31, according to Daniel Flaherty, a spokesman. MFS is a unit of Toronto-based Sun Life Financial Inc.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.