Street Global Advisors commissioned a statue, Fearless Girl by Kristen Visbal, and located it temporarily in the Financial District, Manhattan, in front of the Wall Street icon Charging Bull. The statue is an advertisement for an index fund which comprises gender diverse companies that have a higher percentage of women among their senior leadership. While some have seen it as an encouragement of women in business, some women criticized the statue as "corporate feminism" that violated their own feminist principles. Products and services SSGA creates customized investment strategies for institutions. SSGA manages the assets for clients by setting up commingled funds (otherwise known as common trust funds). In addition to institutional products, SSGA has 46 ETF investment products in the US market, as of March 2007. The ETFs track international and domestic indices based on market capitalization, investment style, sector, industry, or commodity. ETF products are also available in other parts of the world such as Belgium, France, Hong Kong, and Singapore under the streetTracks brand. SSGA has 26 Mutual Fund products divided by investment type: money markets, bonds, equities, and diversified funds of funds (also known as life style funds). SSGA partners with seven companies in various markets to produce local investment strategies for clients. They are Advanced Investment Partners; Asian Direct Capital Management; GovernanceMetrics International (GMI); Innovest Strategic Value Advisors, Inc.; Rexiter Capital Management Limited; Shott Capital Management, LLC; SSARIS Advisors, LLC; The Tuckerman Group, LLC; and Wilton Asset Management, LLC. Lawsuits In October 2007, several pension funds sued State Street Corp. for the alleged mishandling of several bond funds managed by SSGA. In 2008, State Street Bank was sued by Trust Co. for Fixed Income Funds Investment. The case was settled in 2010. In April 2009, a class action suit was filed against State Street, alleging SSGA chose illiquid, leveraged, and risky securities in their short-term, liquid fund products. In October 2017, SSGA agreed to pay over $5 million in back pay and interest to settle allegations the company underpaid women and African-American employees. Notes External links State Street Global Advisors (company website) – SSGA's site for exchange traded funds (ETFs) and mutual funds American companies established in 1978 Financial services companies established in 1978 Investment management companies of the United States Exchange-traded funds