State Street Global Advisors and MFS Investment Management have announced a strategic partnership to collaborate on exchange-traded product development.
Three new exchange-traded funds (ETFs) developed through this partnership—SPDR MFS Systematic Core Equity ETF, SPDR MFS Systematic Value Equity ETF and SPDR MFS Systematic Growth Equity ETF—began trading on NYSE Arca on Thursday.
The ETFs are all designed to seek to outperform their respective benchmarks over a full market cycle by applying a consistent, disciplined bottom-up stock selection and portfolio construction process.
“Our approach to combining fundamental and quantitative research utilizes a varied approach to help investors find returns,” says Michael Roberge, president and chief investment officer of MFS.
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