August 2023


The role of ETFs in tomorrow’s portfolios

State Street Chairman and CEO Ron O’Hanley and Mark Wiedman, Head of the Global Client Business at BlackRock, examine the transformational effects of ETFs on global financial markets, and what comes next. 

With more than two decades of leadership in the ETF market, Wiedman has witnessed the important role ETFs serve as portfolio stabilizers and as a source of liquidity, which was underscored during the market turbulence brought on by the COVID-19 pandemic.

The largest ETF provider in the world, BlackRock is also considered among the industry’s pioneers. ETFs have been a significant growth driver for the firm — attracting substantial inflows and playing a pivotal role in global capital markets. Today, BlackRock considers ETFs as foundational to the “portfolio of the future.”

Celebrating 30 years of ETF innovation
2023 marks the 30th anniversary of the launch of the industry’s first US-listed exchange-traded fund. Co-created by State Street Global Advisors, the Standard & Poor’s Depositary Receipts – better known as the SPDR® S&P 500® ETF, or SPY – revolutionized index investing, liquidity, asset allocation, intermediary distribution, portfolio construction and overall market access.

Today, among the nearly 12,0001 ETFs in existence, SPY is the largest,2 most liquid3 and most heavily traded4 ETF in the world. Our ETF@30 video series examines the past, present and future of ETFs – and their impact on the world’s financial markets and industries.

ETF Servicing Solutions

Our servicing solutions for ETFs adapt to the evolving financial landscape and tap into our market-leading asset servicing capabilities to support your ETF ambitions across the entire fund lifecycle.

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