Data AnalysisVerified

State Street Global Advisors integrated a partner AI platform that uses a large language model to scan thousands of regulatory filings and categorize companies into innovation buckets used to inform the construction of innovation-themed ETFs.

Details

State Street Global Advisors partnered with an AI-based analytics provider whose LLM-based application scans regulatory filings to aggregate the frequency and context of innovation-related terms. The LLM then categorizes each company into one of 25 innovation buckets, which are used by SSGA's ETF management team to inform portfolio construction for its innovation ETFs. The partner's identity is not specified in State Street's public disclosure.

Products affected

State Street Global Advisors innovation ETFs

Sources & Evidence

Company Disclosure

AI and the future of intelligent investing | State Street

State Street·Jan 2024

https://www.statestreet.com/alpha/insights/artificial-intelligence-investing

Other practices by State Street

Data AnalysisState Street Investment Management uses machine learning models — including non-linear methods and natural language processing — to support quantitative investment processes such as earnings forecasting, risk estimation, and trading.Customer SvcState Street tested a generative AI chatbot called Alpha Co-Pilot that would allow institutional clients to ask natural language questions about their portfolio data, trade status, documentation, and economic indicators.ProductivityState Street integrated a machine learning platform from Canoe Intelligence to automatically convert unstructured private markets documents — such as PDF fund reports — into structured, usable data for institutional clients.

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