STATE STREET RESEARCH AWARDED NEW INSTITUTIONAL BUSINESS FROM SUNAMERICA
BOSTON, MA, December 13, 2001- State Street Research & Management Companyannounced today that it has been selected to provide subadvisory investmentmanagement for SunAmerica's Focused International Portfolio. This newbusiness was awarded to the State Street Research, which manages theConcentrated International Equity Portfolio.SunAmerica Mutual Funds announced the launch of the SunAmerica FocusedInternational Portfolio earlier this month. This new fund offers investors30 international stock selections from three investment managers: StateStreet Research, MFS and Harris Associates. Each investment managerindependently selects up to 10 stocks per portfolio, purchasing stocks ofany market size or capitalization, focusing on large-capitalizationsecurities from any developed market outside of the United States.
SunAmerica Mutual Funds employs a rigorous approach to selecting investmentadvisers. The firm conducted both quantitative and qualitative evaluationsof each investment manager's stock selection process and specificallyanalyzed their research and analytical capabilities to identify advisers whohave outperformed relevant indexes and peers in both rising and fallingmarkets.* SunAmerica Mutual Funds also performs risk/reward analyses andongoing reviews of advisers to ensure that they meet the fund's mandate andhigh investment standards.
"We are extremely pleased to have been selected by SunAmerica to manageassets for their new product as a result of their competitive searchprocess," said Chris Abbott, Executive Vice President, Head of InstitutionalMarketing. "This significant win speaks volumes to the importance ofrelationship building, diligence and investment management capabilities."
State Street Research & Management Company, with a money managementhistory dating back to 1924, is one of the nation's first investmentmanagement organizations. The Boston-based firm is a subsidiary of MetLife,one of the world's largest financial services companies. As of November 30,2001, State Street Research managed $46.0 billion in assets, of which $28.5billion represented institutional clients and $17.5 billion representedmutual fund and variable annuity portfolios. The firm has managed pensionmoney for many of the largest U.S. corporate pension plans for over 30years. State Street Research also manages money for union retirementprograms, public employee pension plans, mutual funds for over 576,000shareholder accounts, as well as individually managed accounts for affluentinvestors. The firm's Institutional Web site address iswww.ssrinstitutional.com.
