State Street Global Advisors Launches Gold Fund Amid Surging Global Demand for the Precious Metal
State Street Global Advisors Launches Gold Fund Amid Surging Global Demand for the Precious Metal
New low cost gold fund for Australian investors
澳大利亞的投資者可以選擇新的低成本黃金基金了。
SYDNEY 11 July 2024 – State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), today announced the launch of the State Street Gold Fund, a new unlisted managed fund in Australia. The State Street Gold Fund seeks to track the performance of the spot gold price (LBMA Gold Price PM in Australian dollars) by investing in securities that are backed by physical gold bullion securely held in vaults in London, New York and Zurich. Management costs for the unlisted managed fund at 0.14% p.a. makes it the lowest-cost gold fund domiciled in Australia.
2024年7月11日，州街公司(State Street Corporation (NYSE: STT))的投資業務——州街全球資產管理公司(State Street Global Advisors)宣佈在澳洲推出了新的非上市管理基金——州街黃金基金(State Street Gold Fund)，管理費用爲0.14% p.a，是澳大利亞境內管理費用最低的黃金基金，旨在通過投資一攬子包括倫敦、紐約和蘇黎世保管的實物黃金金條支持的證券來跟蹤澳元計價的現貨黃金價格(LBMA金價(PM) )。
The State Street Gold Fund has been launched in response to investor demand. ANZ Private Bank, which is responsible for managing more than AU$9bn on behalf of its clients, will be seeding the State Street Gold Fund, as part of a broader change to its strategic asset allocation that includes a debut allocation to gold.
州街黃金基金針對投資者的需求而推出。澳新銀行私人銀行負責管理逾90億澳元客戶資產，將把州街黃金基金納入其組合的戰略資產配置變化方案包括首次投資黃金。
State Street Global Advisors' Head of Investments in Australia, Jonathan Shead, said the fund is a significant new offering for the Australian market. "Gold has never gone away as a diversifying allocation of an investment portfolio, but today's heightened climate of economic and geopolitical uncertainty has brought its role to the fore," Mr Shead said.
州街全球資產管理公司澳大利亞區投資總監喬納森·謝德表示，州街黃金基金是澳洲市場上一個重要的新產品。謝德先生說：“黃金一直是投資組合的一種有效多樣化配置，但如今日益增長的經濟和政治不確定性凸顯了其作用。”
"Investors tend to use gold as a potential hedge against market volatility and for its potential diversification benefits when included in a traditional portfolio of equity and fixed income assets," he added.
他補充道：“投資者通常將黃金作爲對市場波動的潛在避險和提供多樣化福利的一種資產，將其包含在傳統的股票和固定收益資產組合中。”
State Street Global Advisors' Asia Pacific Gold Strategist, Robin Tsui, said gold may also help investors hedge against inflation.
州街全球資產管理公司亞太區黃金策略師Robin Tsui表示，黃金也有助於投資者對沖通貨膨脹風險。
"The price of gold is determined by a complex matrix of global macroeconomic and fundamental factors including central bank policies and interest rates, emerging market demand and mining production," Mr Tsui said.
他說：“黃金價格由複雜的全球宏觀經濟和基本因素決定，包括央行政策和利率、新興市場需求和礦業生產等方面。”
He noted a key attribute of the State Street Gold Fund is its provision of a cost-efficient and secure way to gain access to the gold market without having to pay the transportation, storage and insurance costs of holding physical gold.
他指出，州街黃金基金的一個關鍵優點是，可以提供高效和安全的方式獲取黃金市場，而不必承擔持有實物黃金所需的運輸、存儲和保險費用。
ANZ Private Bank's Chief Investment Officer, Lakshman Anantakrishnan, said the decision to make an allocation to gold is focused on improving the risk characteristics of its multi-asset portfolios.
澳新銀行私人銀行首席投資官Lakshman Anantakrishnan表示，決定配置黃金的決策是爲了改善其多資產組合的風險特徵。
"Typically, rising real yields and a strong dollar spell trouble for the precious metal, but safe haven demand is rising, and some governments and central banks are looking to diversify their reserve assets away from the dollar. For investors, the asset class can play a similar role during periods of uncertainty, helping add diversification to portfolios given its historically low or negative correlation to most other asset classes," Mr. Anantakrishnan said.
安納塔克裏希南先生表示：“儘管通常情況下，實際收益率上升和美元走強可能會給貴金屬帶來麻煩。但避險需要正在上升，一些政府和央行正在考慮將其儲備資產多元化，遠離美元。對於投資者而言，這類資產也可以在不確定時期起到類似的作用，利用它的歷史上與大多數其他資產類別的低或負相關性，實現組合多樣化。”
"The fund joins our existing range of unlisted managed funds and SPDR ETFs, confirming our commitment to providing Australian investors with cost effective solutions across all asset classes," said Mr Shead.
謝德先生說：“該基金加入了我們現有的所有非上市管理基金和SPDR ETF系列，證明了我們致力於爲澳大利亞投資者提供跨所有資產類別的經濟解決方案的承諾。”
The State Street Gold Fund is available to both institutional and advised investors, as well as intermediary investors such as advisers and platforms.
州街黃金基金可供機構投資者、建議投資者、顧問和各大平台投資者購買。
"Through this new unlisted fund, Australian investors will have cost effective access to gold with potential benefits of diversification, and hedging against risk and inflation," said Mr Shead.
謝德先生說：“通過這種新型的非上市基金，澳大利亞投資者不僅可以以低成本獲取黃金市場，還可以享受到配置多樣化、對沖風險和通貨膨脹的潛在益處。”
The new fund also leverages State Street Global Advisors' strategic partnership with the World Gold Council. "We are excited to continue working with the World Gold Council to help investors understand the benefits of investing in gold," he said.
這個新的基金還利用了州街全球資產管理公司與世界黃金協會的戰略合作關係。他說：“我們很高興繼續與世界黃金協會合作，幫助投資者了解投資黃金的好處。”
State Street Global Advisors currently distribute gold products across the globe with approximately US$66 billion1 in assets under management.
州街全球資產管理公司目前在全球發行黃金產品，包管理約 6600億美元的資產。
ENDS
結束
1 Bloomberg Finance L.P., State Street Global Advisors as of March 31, 2024.
1 2024年3月31日Bloomberg財經，州街全球資產管理公司。
About State Street Global Advisors
四十年來，State Street Global Advisors 一直爲世界政府、機構和金融顧問服務。我們採用嚴謹、風險意識的方法，建立在研究、分析和市場測試經驗的基礎上，從衆多指數和主動策略中選擇建立成本有效的解決方案。作爲指數和 ETF 投資的先驅，我們不斷創新投資方式。結果，我們已成爲全球第四大資產管理公司*，管理着四萬三千四百億美元的資產。
For four decades, State Street Global Advisors has served the world's governments, institutions and financial advisors. With a rigorous, risk-aware approach built on research, analysis and market-tested experience, we build from a breadth of index and active strategies to create cost-effective solutions. As pioneers in index, ETF, and ESG investing, we are always inventing new ways to invest. As a result, we have become the world's fourth-largest asset manager* with US $4.3434 trillion† under our care.
三十多年來，道富銀行全球爲政府、機構和財務顧問提供服務。我們以研究、分析和市場經驗爲基礎，嚴謹地、風險意識地構建解決方案，從衆多指數和主動策略中獲取廣泛的經驗，以創建成本效益的解決方案。作爲指數、ETF和ESG投資領域的先行者，我們始終在發明投資的新方法。結果，我們已成爲全球第四大資產管理公司*，管理着4.3434萬億美元†的資產。
*Pensions & Investments Research Center, as of 12/31/22.
*Pensions & Investments Research Center，截至2022年12月31日。
† This figure is presented as of March 31, 2024 and includes ETF AUM of $1,360.89 billion USD of which approximately $65.87 billion USD is in gold assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated. Please note all AUM is unaudited.
†此數字截至2024年3月31日，其中ETF的資產規模爲1360.89億美元，其中約658.7億美元投資於SPDR金屬產品，州街全球資產管理公司基金分銷商LLC (SSGA FD)僅作爲營銷代理。 SSGA FD和州街全球資產管理公司爲附屬公司。請注意，所有資產均爲未經審計。
Important Risk Information:
重要的風險信息：
Issued by State Street Global Advisors, Australia Services Limited (AFSL Number 74900, ABN 16 108 671 441) ("SSGA, ASL"). Registered office: Level 14, 420 George Street, Sydney, NSW 2000, Australia. T: 612 9240 7600. State Street Global Advisors, Australia, Limited (AFSL Number 238276, ABN 42 003 914 225) ("SSGA Australia") is the Investment Manager.
由State Street Global Advisors Australia Services Limited (AFSL Number 74900, ABN 16 108 671 441)（“SSGA，ASL”）發行。註冊辦事處位於澳大利亞新南威爾士州悉尼喬治街420號14樓，電話：612 9240 7600。 State Street Global Advisors Australia Limited（AFSL編號238276，ABN 42 003 914 225）（“SSGA Australia”）是投資經理。
References to the State Street Gold Fund ("the Fund") in this communication are references to the managed investment scheme domiciled in Australia, promoted by SSGA Australia, in respect of which SSGA, ASL is the Responsible Entity. This general information has been prepared without taking into account your individual objectives, financial situation or needs and you should consider whether it is appropriate for you. You should seek professional advice and consider the product disclosure statement, available at , before deciding whether to acquire or continue to hold units in the Funds. The Target Market Determination is also available at ssga.com.
本通訊中提到的黃金基金（“基金”）是指由道富銀行澳大利亞推廣的註冊投資計劃，其中SSGA Australia是管理人。此一般信息是在沒有考慮到你的個人目標、財務狀況或需求的情況下準備的，你應該考慮它是否適合你。在決定是否購買或繼續持有基金單位之前，你應該尋求專業意見並考慮產品披露聲明，該聲明可在上找到。目標市場決定原也可在ssga.com上獲得。
Investing involves risk including the risk of loss of principal. Diversification does not ensure a profit or guarantee against loss. Investing in commodities entail significant risk and is not appropriate for all investors. There are risks associated with investing in Real Assets and the Real Assets sector, including real estate, precious metals and natural resources. Investments can be significantly affected by events relating to these industries. Assets may be considered "safe havens" based on investor perception that an asset's value will hold steady or climb even as the value of other investments drops during times of economic stress. Perceived safe-haven assets are not guaranteed to maintain value at any time.
投資涉及風險，包括本金損失的風險。分散風險並不能確保贏利或避免損失。投資商品涉及重大風險，不適合所有投資者。投資實物資產和實物資產部門（包括房地產、貴金屬和自然資源）存在風險。這些行業的事件可能會對投資產生重大影響。資產可能被認爲是“避風港”，因爲投資者認爲在經濟壓力時，該資產的價值將保持穩定或上升，即使其他投資的價值下降。認爲是避險的資產不能保證在任何時候都能保持價值。
THE LBMA GOLD PRICE, WHICH IS ADMINISTERED AND PUBLISHED BY ICE BENCHMARK ADMINISTRATION LIMITED (IBA), SERVES AS, OR AS PART OF, AN INPUT OR UNDERLYING REFERENCE FOR THE STATE STREET GOLD FUND.
LBMA黃金價格是由ICE Benchmark Administration Limited（IBA）管理和發佈的，是State Street Gold Fund的輸入或基礎參考。
LBMA GOLD PRICE IS A TRADE MARK OF PRECIOUS METALS PRICES LIMITED, AND IS LICENSED TO IBA AS THE ADMINISTRATOR OF THE LBMA GOLD PRICE. ICE BENCHMARK ADMINSTRATION IS A TRADE MARK OF IBA AND/OR ITS AFFILIATES. THE LBMA GOLD PRICE PM, AND THE TRADE MARKS LBMA GOLD PRICE AND ICE BENCHMARK ADMINISTRATION, ARE USED BY STATE STREET GLOBAL ADVISORS WITH PERMISSION UNDER LICENCE BY IBA.
LBMA黃金價格是貴金屬價格有限公司的商標，並由IBA作爲LBMA黃金價格的管理者獲得許可。 ICE Benchmark Administration是IBA和/或其附屬公司的商標。 State Street Global Advisors在IBA許可下使用LBMA黃金價格Pm和商標LBMA黃金價格和ICE Benchmark Administration。
IBA AND ITS AFFILIATES MAKE NO CLAIM, PREDICATION, WARRANTY OR REPRESENTATION WHATSOEVER, EXPRESS OR IMPLIED, AS TO THE RESULTS TO BE OBTAINED FROM ANY USE OF THE LBMA GOLD PRICE, OR THE APPROPRIATENESS OR SUITABILITY OF THE LBMA GOLD PRICE FOR ANY PARTICULAR PURPOSE TO WHICH IT MIGHT BE PUT, INCLUDING WITH RESPECT TO THE STATE STREET GOLD FUND. TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ALL IMPLIED TERMS, CONDITIONS AND WARRANTIES, INCLUDING, WITHOUT LIMITATION, AS TO QUALITY, MERCHANTABILITY, FITNESS FOR PURPOSE, TITLE OR NON-INFRINGEMENT, IN RELATION TO THE LBMA GOLD PRICE, ARE HEREBY EXCLUDED AND NONE OF IBA OR ANY OF ITS AFFILIATES WILL BE LIABLE IN CONTRACT OR TORT (INCLUDING NEGLIGENCE), FOR BREACH OF STATUTORY DUTY OR NUISANCE, FOR MISREPRESENTATION, OR UNDER ANTITRUST LAWS OR OTHERWISE, IN RESPECT OF ANY INACCURACIES, ERRORS, OMISSIONS, DELAYS, FAILURES, CESSATIONS OR CHANGES (MATERIAL OR OTHERWISE) IN THE LBMA GOLD PRICE, OR FOR ANY DAMAGE, EXPENSE OR OTHER LOSS (WHETHER DIRECT OR INDIRECT) YOU MAY SUFFER ARISING OUT OF OR IN CONNECTION WITH THE LBMA GOLD PRICE OR ANY RELIANCE YOU MAY PLACE UPON IT.
IBA及其關聯公司不聲明、預測、保證或陳述何種明示或暗示，關於LBMA黃金價格的任何使用結果或LBMA黃金價格適用於任何可能使用的特定目的，包括關於道富銀行黃金基金的問題。在適用法律所允許的最大範圍內，涉及LBMA黃金價格的有關隱含條款、條件和保證，包括但不限於與LBMA黃金價格有關的質量、適銷性、特定用途的適用性、所有權或不侵權方面的條款，均被排除在外，IBA或其任何關聯公司不會對LBMA黃金價格中的任何不準確、錯誤、遺漏、延遲、故障、中止或更改（實質或其他）或你可能因之遭受的任何損害、費用或其他損失（無論是直接還是間接的）承擔任何合同或侵權（包括過失）、對違背法定義務的違反或騷擾、虛假或依據反壟斷法的訴訟或其他方面的責任和義務。
This material should not be considered a solicitation to apply for interests in the Fund and investors should obtain independent financial and other professional advice before making investment decisions. There is no representation or warranty as to the currency or accuracy of, nor liability for, decisions based on such information.
本材料不應被視爲申請基金利益的邀請，投資者在做出投資決策前應獲得獨立的財務和其他專業建議。本材料的貨幣或準確性沒有保證，不承擔基於此等信息的任何決策的責任。
The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without SSGA Australia's express written consent.
未經道富銀行澳大利亞的書面同意，不得複製、傳播本作品的全部或任何部分，或披露其任何內容給第三方。
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