STATE STREET RESEARCH AWARDED NEW INSTITUTIONAL BUSINESS FROM SUNAMERICA
BOSTON, MA, December 13, 2001- State Street Research & Management Company
announced today that it has been selected to provide subadvisory investment
management for SunAmerica's Focused International Portfolio. This new
business was awarded to the State Street Research, which manages the
Concentrated International Equity Portfolio.
SunAmerica Mutual Funds announced the launch of the SunAmerica Focused
International Portfolio earlier this month. This new fund offers investors
30 international stock selections from three investment managers: State
Street Research, MFS and Harris Associates. Each investment manager
independently selects up to 10 stocks per portfolio, purchasing stocks of
any market size or capitalization, focusing on large-capitalization
securities from any developed market outside of the United States.
SunAmerica Mutual Funds employs a rigorous approach to selecting investment
advisers. The firm conducted both quantitative and qualitative evaluations
of each investment manager's stock selection process and specifically
analyzed their research and analytical capabilities to identify advisers who
have outperformed relevant indexes and peers in both rising and falling
markets.* SunAmerica Mutual Funds also performs risk/reward analyses and
ongoing reviews of advisers to ensure that they meet the fund's mandate and
high investment standards.
"We are extremely pleased to have been selected by SunAmerica to manage
assets for their new product as a result of their competitive search
process," said Chris Abbott, Executive Vice President, Head of Institutional
Marketing. "This significant win speaks volumes to the importance of
relationship building, diligence and investment management capabilities."
State Street Research & Management Company, with a money management
history dating back to 1924, is one of the nation's first investment
management 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 $28.5
billion represented institutional clients and $17.5 billion represented
mutual fund and variable annuity portfolios. The firm has managed pension
money for many of the largest U.S. corporate pension plans for over 30
years. State Street Research also manages money for union retirement
programs, public employee pension plans, mutual funds for over 576,000
shareholder accounts, as well as individually managed accounts for affluent
investors. The firm's Institutional Web site address is
www.ssrinstitutional.com.
