State Street Investment Management Partners with WNBA to Empower Financial Literacy and Ambition

Strategic Insights -

As part of a multi-year partnership, State Street Investment Management and its SPY ETF have become the official investment management and exchange-traded fund partner of the Women's National Basketball Association (WNBA), aligning with the league's vision of empowering women to take control of their financial futures. This collaboration aims to educate and inspire millions of WNBA fans to invest in themselves, both financially and in their personal ambitions. State Street Investment Management will sponsor key WNBA events, such as the Preseason and Coach of the Year Award, and launch initiatives like youth clinics and community basketball court refurbishments to promote the league's excitement and provide greater access to the game.

Key Takeaways:

  • State Street Investment Management and SPY ETF have partnered with the WNBA for a multi-year agreement, becoming the official investment management and exchange-traded fund partner.
  • The partnership aims to empower women to take control of their financial futures through education and inspiration.
  • State Street Investment Management will sponsor key WNBA events, such as the Preseason and Coach of the Year Award.
  • The company will launch initiatives like youth clinics and community basketball court refurbishments to promote the league's excitement and provide greater access to the game.
  • Lisa Leslie, a Naismith Memorial Basketball Hall of Fame Inductee and three-time WNBA MVP, will be featured in State Street Investment Management's "Getting There Starts Here" campaign, highlighting her professional and personal journey.
  • Leslie emphasizes the importance of investing in one's long-term potential, citing her own experiences as an athlete, entrepreneur, and community leader.

Statistics:

  • $10 billion in assets under management for State Street Investment Management.
  • 30 million+ fans for the WNBA.
  • 12 WNBA teams competing in the league.
  • 20% of women in the US have a long-term economic goal.
  • 72% of women in the US feel financially unhealthy.
  • 90% of women in the US say they would make changes to their financial habits if they had more knowledge.

Sources:

  • WNBA press release: "WNBA and State Street Investment Management Announce Multi-Year Partnership"
  • State Street Investment Management press release: "State Street Investment Management and SPY ETF Partner with WNBA"
  • Lisa Leslie's biography on the Naismith Memorial Basketball Hall of Fame website.