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State Street Global Advisors (SSGA) is the investment management unit of State Street (NYSE: STT ). It offers investment research and investment management, primarily for institutional investors. Services offered by SSGA include both passive and active U.S. as well as non-U.S. equity and fixed-income strategies, besides other related services such as securities finance. As of Mar 31, 2015, SSGA had $2.4 trillion assets under management. According to Morningstar, the company has $4.27 billion of assets (excluding money market assets) invested in mutual funds across a wide range of categories. Below we share with you 3 top-rated State Street Global Advisors Mutual Funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. SSgA International Stock Selection Fund (MUTF: SSAIX ) seeks capital appreciation over the long run. SSAIX invests the lion’s share of its assets in equity securities of companies that are located in foreign lands. SSAIX focuses on acquiring common stocks of companies from countries and sectors included in the MSCI EAFE Index. SSAIX uses a quantitative stock-selection model in order to select its investments. The SSgA International Stock Selection N fund has a five-year annualized return of 3.9%. SSAIX has an expense ratio of 1.00% as compared with the category average of 1.26%. SSgA Clarion Real Estate Fund (MUTF: SSREX ) invests the major portion of its assets in real estate investment trusts (REITs). SSREX may also invest not more than 20% of its assets in non-REIT securities that are issued by real estate companies and may also allocate a small portion of its assets in equity and fixed income securities of companies other than real estate firms. SSREX may opt for lending its securities and may invest in money market funds. The SSgA Clarion Real Estate N is a non-diversified fund and has a five-year annualized return of 11.6%. Joseph P. Smith is one of the fund managers of SSREX since 2013. SSgA High Yield Bond Fund (MUTF: SSHYX ) seeks to provide maximum total return. SSHYX invests a large chunk of its assets in fixed income producing high yield bonds, commonly known as “junk bonds.” SSHYX may also invest in debt securities with floating, fixed and zero coupon interest rates. SSHYX allocates a significant portion of its assets in securities listed in the Barclays U.S. Corporate High-Yield Bond Index. SSHYX invests in securities irrespective of their credit qualities and durations. The SSgA High Yield Bond N fund has a five-year annualized return of 5.3%. As of September 2015, SSHYX held 256 issues with 1.40% of its assets invested in Stc288411 Cds Usd R F 5.00000. Original Post Scalper1 News
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