State Street's Strategic Investment in Ethic Aims to Revolutionize Personalized Portfolios

State Street Corporation (NYSE:STT) shares are trading lower premarket on Thursday. The company’s asset management division, State Street Global Advisors, disclosed a strategic equity investment in Ethic Inc.

In addition to the investment, SSGA and Ethic have formed a strategic partnership to offer tailored investment solutions at scale for SSGA’s institutional and financial intermediary clients.

The partnership focuses on developing and managing customized separately managed accounts, ...