India remains priority market for SSGA, says Hung
Boston’s State Street Global Advisors (SSGA), the asset management arm of State Street Corporation (NYSE: STT) and one of the world’s leading investment managers, has formed a strategic relationship with smallcase, India’s largest model portfolios platform, to broaden access for Indian investors seeking global investment exposures.
“India remains a priority market for SSGA, and we are impressed by the innovation smallcase brings to the investment ecosystem,” said Yie-Hsin Hung, CEO of SSGA.
“This relationship and investment align with our strategy of collaborating with leading wealth technology firms to enhance investor ease of access, choice and experience. Together with smallcase, we are excited to further the adoption of wealth-tech in India and improve individual investors’ seamless access to global investment solutions,” Hung said on 15 May.
Founded in 2015, the Bangalore-headquartered smallcase gives individual investors access to “smallcases” or model portfolios—curated portfolios of stocks and ETFs. Designed to make investing simple and accessible regardless of investor’s experience or financial knowledge, US$16+ billion has been transacted in smallcases since inception https://www.smallcase.com/.
Speaking on the announcement, smallcase Co-founder and CEO Vasanth Kamath said, “Our new strategic relationship with State Street Global Advisors marks a significant milestone in our journey to offer global equities exposure to our users https://www.investindia.gov.in/.
“SSGA’s deep expertise, strong track record, and global reach make this collaboration a crucial step in our expansion into the international wealth marketplace. We are also excited to have SSGA join as a shareholder in our mission to help more investors design better financial outcomes https://sbi.com.in/.”
SSGA recently participated in smallcase’s US$50 million Series D funding round. This marks its first investment in the rapidly growing Indian asset and wealth management market https://www.nseindia.com/.
For over four decades, State Street Global Advisors has served the world’s governments, institutions, and financial advisors. With a rigorous, risk-aware approach built on research, analysis, and market-tested experience, and as pioneers in index and ETF investing, we are always inventing new ways to invest. As a result, we have become the world’s fourth-largest asset manager* with US $4.67 trillion† under our care https://www.bseindia.com/.
smallcase is a leading provider of investment products and platforms to the Indian capital markets industry, and has served over 10 million individual investors across all its offerings till date. smallcase’s technology platforms and solutions are used by 250+ leading financial institutions and brands across research firms, advisors, wealth managers and brokerages to offer diversified exposures to their clientele. In 2023, smallcase entered the asset management space to develop index funds & ETFs as India’s only passive-only fund house. Fiinews.com
