Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at

State Street closes outperforming inflation-linked bond fund

by Robert St George on Feb 25, 2014 at 11:27

State Street closes outperforming inflation-linked bond fund

State Street Global Advisors (SSgA) has shut its Global Inflation Linked Bond Index fund despite its strong performance.

Over the three years to the end of January, the fund returned 15.4% compared with 13% by the Barclays US Treasury Inflation Protected Securities index, alongside an average of 9.4% from its Citywire peer group.

A spokesperson for SSgA told Wealth Manager that the decision had been taken ‘due to the asset size being too small to allow efficient management of fund. It was in the shareholders’ interests that SSgA decided to close it.’ The fund was around £25 million in size before it liquidated this month.

The fund was registered in Ireland, and earlier this year SSgA re-domiciled a seven-strong £1.1 billion range from Ireland to Luxembourg.

SSgA still runs both a £255 million Euro Inflation Linked Bond Index fund and a £10 million Active Global Inflation Linked Bond fund.

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home

As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

Investing for income in a changing environment

With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop

More about this:

Look up the funds

More from us


On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet