UK - State Street Global Advisors' (SSgA) active UK and European equity strategies outperformed their respective indices by approximately 200 basis points in the second quarter of 2001.
Both strategies have also outperformed significantly over the one, three and five years ending July 2001.
SSgA said both the UK and European equity outperformance can be attributed to bottom-up stock picking within industries, utilising highly risk-controlled processes.
The process uses a combination of value and sentiment measures, taking several smaller, active positions rather than concentrated positions, with country and sector weightings being tightly controlled.
SSgA managed $45bn in active strategies as of June 30, 2001. Total assets under management currently stand at $727bn.
By Janet Du Chenne
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