State Street Corp. has announced that its SSgA Funds Management unit took over management of two exchange-traded funds from UBS Global Asset Management.

The two portfolios, Fresco Dow Jones Stoxx 50 Fund and Fresco Dow Jones Euro Stoxx 50 Fund, were renamed streetTRACKS Stoxx 50 Fund and streetTRACKS EuroStoxx 50 Fund. The changeover was approved at a special shareholder meeting in June and took effect July 1, the company said. State Street Global Advisors manages $63 billion of exchange-traded funds.

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