State Street Is Working to Insert ETFs Into the 401(k) System
- SSGA working with regulators, investors and sponsors: Paglia
- US retirement structure is currently built around mutual funds
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State Street Global Advisors is looking for ways to fit exchange-traded funds into the American retirement system — one of the $9 trillion industry’s final frontiers.
While ETFs have infiltrated nearly every part of the investment landscape over the past decade, they’re shut out from the 401(k) system, which instead relies on structures such as mutual funds and separately managed accounts. Newly installed SSGA executive vice president and chief business officer Anna Paglia is helping to lead an effort to change that.