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E Fund Management and SSGA partner to explore China opportunities

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E Fund Management and State Street Global Advisors (SSGA) have signed a memorandum of understanding to jointly explore strategic opportunities across global markets, including China's fast-growing fund management industry.

The partnership will draw on the respective strengths and expertise of SSGA, the third largest asset manager globally with over USD2.4 trillion in assets under management, and E Fund Management, the third-largest asset manager in China with more than RMB1 trillion under management and a strong retail distribution network covering 52 million investors.
 
The partnership will facilitate an 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.
 
"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," says Lochiel Crafter (pictured), EVP and head of Asia Pacific, State Street Global Advisors. "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 realise their investment goals, even in the most demanding investment environments."
 
Sau Kwan, president of E Fund Management, says: "As a global pioneer in indexing, smart beta solutions and award-winning active strategies, SSGA is one of the few asset managers that have the heritage, breadth and depth across markets, asset classes and approaches. 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."

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