#statestreet

bing news | NYC Pensions Seeks Bids for Index Funds Run by BlackRock, State Street AI generated summary, Read the full article for complete information. New York City’s pension system announced it is soliciting bids for approximately $92 billion of stock index‑tracking funds that are currently managed by BlackRock Inc. and State Street Investment Management, as the existing contracts expire at the end of the year. All interested firms, including the incumbent managers, may submit proposals by July 15, according to City Comptroller Mark Levine. At present, BlackRock oversees about $65 billion of passively managed equity funds for the pension plans, while State Street administers more than $27 billion. Read more: https://www.bloomberg.com/news/articles/2026-06-12/nyc-pensions-to-seek-bids-for-index-funds-run-by-blackrock-state-street #OliviaRaimonde #MarkLevine #BlackRock #StateStreet #NYCPensions

US Top News and Analysis | Investors poured $15 billion into more risky corners of the bond market in April. Where they're finding yield AI generated summary, Read the full article for complete information. In April, investors pumped about $15 billion into higher‑yielding, credit‑sensitive bond sectors via ETFs, with roughly $7 billion flowing into investment‑grade corporate bonds, $3.8 billion into high‑yield bond ETFs, and $2.5 billion into bank‑loan and CLO funds. The surge was driven by easing fears over the Iran conflict and solid earnings across a broad range of companies, which together fostered a risk‑on sentiment as the S&P 500 posted its best month since 2020. These funds now offer attractive 30‑day SEC yields near 7 % for high‑yield bonds and 4‑6 % for loan‑ and CLO‑focused ETFs, though analysts caution that such higher‑yield assets should remain a modest portion of a diversified portfolio because their spreads over Treasuries are narrow and can erode quickly if prices fall. Read more: https://www.cnbc.com/2026/05/12/investors-poured-15-billion-into-more-risky-corners-of-the-bond-market-in-april.html #StateStreet #MatthewBartolini #SEC