Chinese asset manager E Fund Management and State Street Global Advisors (SSGA) have joined forces to explore strategic opportunities, including China's rapidly expanding fund management market. SSGA is the third-largest asset manager worldwide with 145bn in assets under management. The partnership will focus on exchanging information on product development and innovation to enhance both firms' access to local and global investment markets. E Fund Management is the third-largest asset manager in China and has more than CNY1tn ($more than $2.4tn) under management.
Chinese asset manager E Fund Management and State Street Global Advisors (SSGA) have joined forces to explore strategic opportunities, including China's rapidly expanding fund management market. SSGA is the third-largest asset manager worldwide with more than $2.4tn in assets under management. The partnership will focus on exchanging information on product development and innovation to enhance both firms' access to local and global investment markets. E Fund Management is the third-largest asset manager in China and has more than CNY1tn ($145bn) under management.