State Street has been appointed by ING Direct Canada to provide investment services and investment management for three new Streetwise funds.
State Street Global Advisors will manage four investment strategies in each of the Streetwise funds on a sub-advisory basis while State Street itself will provide custody, accounting, and fund reporting for the Streetwise funds to be launched by ING Direct Asset Management Ltd.
Benchmarked to the Morgan Stanley Europe-Australia-Far East (MSCI-EAFE) index, S&P/TSX 60, S&P 500 and DEX Universe indices, the investment strategies to be managed by SSgA include the Streetwise Balanced Fund, Streetwise Balanced Income Fund, and Streetwise Balanced Growth Fund.
“State Street Global Advisors is delighted to be awarded with this sub-advisory mandate for ING Direct Canada’s new mutual funds; and we look forward to helping them reach their goals,” says Gregory Chrispin, president and managing director of State Street Global Advisors in Canada.
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