State Street Global Advisors Takes Strategic Stake in Leading Australian Fintech Platform Raiz
State Street Global Advisors, the asset management arm of State Street (NYSE: STT), has announced a strategic investment in Raiz Invest (ASX: RZI), a leading Australian fintech platform. The investment involves acquiring approximately 5% of Raiz's share capital through a placement, deepening State Street's commitment to the Australian market.
This strategic relationship aims to combine State Street's brand and market knowledge with Raiz's mobile-first platform, which helps Australian retail investors with micro-investments in ETFs and model portfolios. Raiz customers will gain access to a broader array of financial literacy content and investment education tools leveraging State Street's international resources.
The partnership is expected to benefit Raiz's Australian customers, ranging from beginners to experienced investors, by providing enhanced educational tools and innovative savings and investment insights. State Street's SPDR® S&P/ASX 200 Fund (ASX: STW) is currently the largest single fund holding in Raiz's model investment portfolios.
State Street Global Advisors, la divisione di gestione degli attivi di State Street (NYSE: STT), ha annunciato un investimento strategico in Raiz Invest (ASX: RZI), una delle principali piattaforme fintech australiane. L'investimento prevede l'acquisizione di circa il 5% del capitale sociale di Raiz attraverso un collocamento, approfondendo l'impegno di State Street nel mercato australiano.
Questa relazione strategica mira a combinare il marchio e la conoscenza del mercato di State Street con la piattaforma mobile-first di Raiz, che supporta gli investitori al dettaglio australiani con micro-investimenti in ETF e portafogli modello. I clienti di Raiz avranno accesso a una gamma più ampia di contenuti sulla alfabetizzazione finanziaria e strumenti educativi per gli investimenti sfruttando le risorse internazionali di State Street.
La partnership dovrebbe avvantaggiare i clienti australiani di Raiz, che spaziano dai principianti agli investitori esperti, fornendo strumenti educativi migliorati e intuizioni innovative su risparmio e investimenti. L'SPDR® S&P/ASX 200 Fund (ASX: STW) di State Street è attualmente il più grande fondo detenuto nei portafogli di investimento modello di Raiz.
State Street Global Advisors, la división de gestión de activos de State Street (NYSE: STT), ha anunciado una inversión estratégica en Raiz Invest (ASX: RZI), una de las principales plataformas fintech australianas. La inversión implica la adquisición de aproximadamente el 5% del capital social de Raiz a través de una colocación, profundizando el compromiso de State Street en el mercado australiano.
Esta relación estratégica tiene como objetivo combinar la marca y el conocimiento del mercado de State Street con la plataforma móvil de Raiz, que ayuda a los inversores minoristas australianos con microinversiones en ETFs y carteras modelo. Los clientes de Raiz tendrán acceso a una variedad más amplia de contenidos de educación financiera y herramientas de educación para inversiones aprovechando los recursos internacionales de State Street.
Se espera que la asociación beneficie a los clientes australianos de Raiz, que van desde principiantes hasta inversores experimentados, proporcionando herramientas educativas mejoradas y conocimientos innovadores sobre ahorro e inversión. El SPDR® S&P/ASX 200 Fund (ASX: STW) de State Street es actualmente el fondo individual más grande en las carteras de inversión modelo de Raiz.
State Street Global Advisors는 State Street의 자산 관리 부문 (NYSE: STT)으로, 호주 주요 핀테크 플랫폼인 Raiz Invest (ASX: RZI)에 대한 전략적 투자를 발표했습니다. 이 투자는 약 5%의 Raiz 자본금 인수를 포함하여 State Street의 호주 시장에 대한 약속을 심화시킵니다.
이 전략적 관계의 목표는 State Street의 브랜드와 시장 지식과 Raiz의 모바일 전용 플랫폼을 결합하여 호주 개인 투자자가 ETF와 모델 포트폴리오에 대한 소액 투자를 할 수 있도록 돕는 것입니다. Raiz 고객은 State Street의 국제 자원을 활용하여 더 다양한 재정 교육 콘텐츠와 투자 교육 도구에 접근할 수 있게 됩니다.
이 파트너십은 초보자부터 경험이 많은 투자자까지 Raiz의 호주 고객에게 향상된 교육 도구와 혁신적인 저축 및 투자 인사이트를 제공함으로써 혜택을 줄 것으로 예상됩니다. State Street의 SPDR® S&P/ASX 200 Fund (ASX: STW)는 현재 Raiz의 모델 투자 포트폴리오에서 가장 큰 단일 펀드 보유입니다.
State Street Global Advisors, la branche de gestion d'actifs de State Street (NYSE: STT), a annoncé un investissement stratégique dans Raiz Invest (ASX: RZI), une plateforme fintech australienne de premier plan. Cet investissement consiste en l'acquisition d'environ 5 % du capital de Raiz par le biais d'un placement, approfondissant ainsi l'engagement de State Street sur le marché australien.
Cette relation stratégique vise à combiner la marque et la connaissance du marché de State Street avec la plateforme mobile-first de Raiz, qui aide les investisseurs particuliers australiens à réaliser des micro-investissements dans des ETF et des portefeuilles modèle. Les clients de Raiz accéderont à une gamme plus large de contenus sur l'éducation financière et des outils d'éducation à l'investissement, en s'appuyant sur les ressources internationales de State Street.
Ce partenariat devrait bénéficier aux clients australiens de Raiz, allant des débutants aux investisseurs expérimentés, en fournissant des outils éducatifs améliorés et des idées innovantes sur l'épargne et l'investissement. Le SPDR® S&P/ASX 200 Fund (ASX: STW) de State Street est actuellement le plus grand fonds individuel détenu dans les portefeuilles d'investissement modèle de Raiz.
State Street Global Advisors, der Vermögensverwaltungsarm von State Street (NYSE: STT), hat eine strategische Investition in Raiz Invest (ASX: RZI), eine führende australische Fintech-Plattform, angekündigt. Die Investition umfasst den Erwerb von etwa 5% des Anteils von Raiz durch eine Platzierung und vertieft das Engagement von State Street im australischen Markt.
Diese strategische Beziehung zielt darauf ab, die Marke und das Marktwissen von State Street mit Raiz' mobiler Plattform zu kombinieren, die australischen Privatanlegern bei Mikroinvestitionen in ETFs und Musterportfolios hilft. Raiz-Kunden werden Zugang zu einem breiteren Spektrum von Inhalten zur finanziellen Bildung und Investitionswerkzeugen erhalten, wobei sie die internationalen Ressourcen von State Street nutzen können.
Die Partnerschaft wird voraussichtlich den australischen Kunden von Raiz zugutekommen, die von Anfängern bis zu erfahrenen Investoren reichen, indem sie verbesserte Bildungswerkzeuge und innovative Einsichten zu Ersparnissen und Investitionen bereitstellt. Der SPDR® S&P/ASX 200 Fund (ASX: STW) von State Street ist derzeit der größte Einzelanlagenfonds in Raiz' Modellportfolios.
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- Deepens commitment to Australian market through strategic investment in the Raiz platform that is centred on financial literacy
In addition, the strategic relationship will see State Street Global Advisors’ trusted brand and deep knowledge of markets come together with Raiz’s mobile-first platform, which helps Australian retail investors with micro-investments primarily in exchange-traded funds (ETF) and model portfolios. Leveraging State Street Global Advisors’ international library of resources, insights and trends, Raiz customers will have access to a broader array of financial literacy content and investment education tools.
“We are excited to expand our relationship with Raiz, a proven fintech leader in bringing important tools and educational resources to investors across the region. This strategic investment reinforces our strategy to join forces with wealth firms who share our commitment to help investors globally manage their investments and savings for retirement,” said Yie-Hsin Hung, President and CEO for State Street Global Advisors.
State Street Global Advisors’ SPDR® S&P/ASX 200 Fund (ASX: STW) is currently the largest single fund holding in the model investment portfolios provided by Raiz to its customers. The asset manager’s SPDR® MSCI Australia Select High Dividend Yield Fund (ASX: SYI) and SPDR® S&P® Global Dividend Fund (ASX: WDIV) are also available on Raiz.
State Street Global Advisors Head of Intermediary Asia Pacific, Meaghan Victor, said deepening the existing relationship with Raiz reinforces State Street Global Advisors’ commitment to the Australian market. “This investment is a natural extension of the successful relationship we have enjoyed with Raiz since launch in 2016. Both of us share a passion for making financial tools and solutions accessible to all investors, and through this strategic arrangement we will leverage our respective capabilities to help Australian investors plan and save for retirement.”
Raiz Managing Director and CEO, Brendan Malone, said the strategic relationship would see Raiz and State Street Global Advisors work more closely together to create innovative savings and investment insights and education for customers. “From learning about investments in ETFs through to more complex investment strategies such as superannuation retirement portfolios, we look forward to continuing our relationship with State Street Global Advisors on educational tools for all stages of a customer lifecycle.
“Raiz’s Australian customers, who range from beginners to experienced investors, will benefit significantly from the global resources that we can provide through this strategic arrangement. Between Raiz’s technology and State Street Global Advisors’ global investment capabilities and markets expertise, there are great opportunities for innovation in the Raiz product offering.”
About State Street Global Advisors
For four decades, State Street Global Advisors has served the world’s governments, institutions, and financial advisors. With a rigorous, risk-aware approach built on research, analysis, and market-tested experience, we build from a breadth of index and active strategies to create cost-effective solutions. As pioneers in index and ETF investing, we are always inventing new ways to invest. As a result, we have become the world’s fourth-largest asset manager* with
*Pensions & Investments Research Center, as of 12/31/23.
†This figure is presented as of June 30, 2024 and includes ETF AUM of
About Raiz Invest Limited
Raiz Invest Limited (ASX: RZI) is a multi-award-winning micro-investing and fintech platform to help all Australians create wealth. Raiz pioneered the ‘Round-Up’ concept in
Since launching in 2016, Raiz has led the market by offering innovative products and features alongside an advanced user experience and exceptional customer service. With 9 diverse portfolios to choose from, users of the Raiz platform can invest in up to 75 of the most recognised stocks on the ASX, ETFs, Bitcoin, and the Raiz Residential Property Fund, from as little as
Raiz has also launched sophisticated products, like the customisable Plus portfolio to accommodate investors at all levels of experience and risk appetite. Raiz remains the number one investment app. To find out more, please visit www.raizinvest.com.
Important Risk Disclosures
Issued by State Street Global Advisors, Australia Limited (AFSL Number 238 276,ABN 42 003 914 225) (“SSGA, AL”). Registered office: Level 14, 420 George Street,
State Street Global Advisors, Australia Services Limited (AFSL number 274900 ABN 16 108 671 441) (“SSGA, ASL”) is the Responsible Entity and issuer of units in the State Street SPDR ETFs which are Australian Registered managed investment schemes quoted on the AQUA market of the ASX or listed on the ASX.
SSGA, ASL is the AQUA Product Issuer for the CHESS Depositary Interests (or "CDIs") created over Interests in SPY which were first quoted on the AQUA market of the ASX on 13 Oct 2014. State Street Global Advisors Trust Company (ARBN 619 273 817) is the trustee of, and the issuer of interests in, the SPDR® S&P 500® ETF Trust, an ETF registered with the United States Securities and Exchange Commission under the Investment Company Act of 1940 and principally listed and traded on NYSE Arca, Inc. under the symbol "SPY".
SSGA, AL is the investment manager for the State Street ETF Model Portfolios which include State Street SPDR ETFs and other third party ETFs. State Street does not manage the accounts of retail investors pursuant to the model portfolio strategies and the strategies are only available to retail investors through various Providers that offer account management and other services to retail investors.
This material is general information only and does not take into account your individual objectives, financial situation or needs and you should consider whether it is appropriate for you. You should seek professional advice and consider the product disclosure statement and target market determination, available at www.ssga.com/au, before deciding whether to acquire or continue to hold units in an ETF. This material should not be considered a solicitation to buy or sell a security.
ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETF's net asset value. ETFs typically invest by sampling an index, holding a range of securities that, in the aggregate, approximates the full index in terms of key risk factors and other characteristics. This may cause the fund to experience tracking errors relative to performance of the index.
Investing involves risk including the risk of loss of principal. Diversification does not ensure a profit or guarantee against loss.
SPDR®, Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC, Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC, ASX® is a registered trademark of the ASX Operations Pty Ltd, these trademarks have been licensed for use by S&P Dow Jones Indices LLC and sub-licensed for use to State Street Global Advisors, ASL. MSCI indexes are the exclusive property of MSCI Inc.(“MSCI”). MSCI and the MSCI index names are service mark(s) of MSCI or its affiliates and have been licensed for use for certain purposes by State Street. SPDR products are not sponsored, endorsed, sold or promoted by any of these entities and none of these entities bear any liability with respect to the ETFs or make any representation, warranty or condition regarding the advisability of buying, selling or holding units in the ETFs issued by State Street Global Advisors, ASL.
The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without SSGA, ASL’s express written consent.
© 2024 State Street Corporation. All Rights Reserved.
6943291.1.1.GBL.RTL Exp. Date: 08/31/2025
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For State Street Global Advisors
Kate Cheung (State Street)
+852 6256 1633
Kate.cheung@statestreet.com
Stuart Carson (FTI Consulting)
+61 403 527 755
Stuart.carson@fticonsulting.com
For Raiz
Brendan Malone
Managing Director and CEO
ir@raizinvest.com.au
Katie Mackenzie
Investor Relations
kmackenzie@belleviewir.com.au
Source: State Street Corporation
FAQ
What percentage stake is State Street Global Advisors acquiring in Raiz Invest (ASX: RZI)?
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