2026 Global ETF Outlook: From wrapper to backbone

ETFs are no longer just a wrapper. Execution, infrastructure, and scale will determine who wins. Explore the global and regional trends shaping the next phase of ETF growth.

In focus

State Street in Germany

Since opening our first European office in Munich in 1970, we’ve built a strong presence across Germany, continuously expanding our services to meet our clients’ evolving needs. We received our local banking license in 1994 and have been offering depositary services for investment companies in Germany since 1996. In 2003, we expanded our German footprint with an office in Frankfurt, having acquired a substantial part of Deutsche Bank's Global Securities Service business. We have continued to grow our presence in Germany and today are one of the three largest custodians and depositary banks in the country, offering an extensive suite of solutions to asset managers, fund management companies and institutional investors.

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Our latest thinking

Inclusion and diversity