China’s E Fund Management and State Street Global Advisors (SSGA), the asset management arm of State Street, have inked a memorandum of understanding to jointly explore strategic opportunities across global markets, including China’s fund management industry.

The alliance will facilitate exchange of information in product development and innovation that could help enhance both firms’ ability to gain and strengthen access to both local and global investment markets, the asset managers said in a press release.

SSGA head of Asia Pacific Lochiel Crafter said: “We are excited to partner with E Fund to craft multi-asset product solutions leveraging our world class capabilities covering virtually every global asset class across passive, smart beta, active, alternatives and private equity solutions.

“E Fund has exhibited strong investment acumen, innovative ideas as well as a growing distribution network, which makes it a solid partner with strong local perspectives to pair with our global network to help clients realize their investment goals, even in the most demanding investment environments.”

E Fund Management president Sau Kwan said: “We are delighted to forge this partnership, one that could benefit not only both our firms but also global investors and the industry. We look forward to turning our ideas into action and rewarding results.”

SSGA is the third largest asset manager globally with over US$2.4 trillion in assets under management, and E Fund Management is the third largest asset manager in China with more than RMB1 trillion under management.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.