State Street Global Advisors (SSGA), the State Street Corporation (NYSE: STT) assets management arm, announced a strategic relationship with Smallcase, India’s largest portfolio platform.
The collaboration is part of SSGA’s strategic investment in recently announced Smallcase.
The relationship will offer SSGA a strategic distribution opportunity for SPDR ETFs with its appearance in Smallcase platform technology by expanding access to Indian investors looking for global investment fairs. SSGA will provide strategic support as small plans for global expansion and explore ways in which the world street corporation’s worldwide wealth services can further this development.
“India remains a priority market for SSGA and we are impressed by Smallcase innovation brings to the investment ecosystem,” said Yie-Hsin Hung, CEO of SSGA. “This relationship and investment are in line with our strategy for collaborating with leading wealth technology companies to enhance the ease of access, selection and experience of investors.
Founded in 2015 and is based in Bangalore, Smallcase gives individual investors access to “Smallcases” or portfolios portfolios and ETFS portfolios portfolios. Designed to make the investment simple and accessible, regardless of investor experience or financial knowledge, $ 16B+ has negotiated in smallcass since starting.
Speaking about the announcement, Vasanth Kamath, co -founder and CEO, Smallcase, said: “Our new strategy with State Street Global Advisors marks an important milestone on our journey to offer worldwide stocks to our users. Investors are planning better financial results.”
SSGA recently participated in the Smallcase $ 50m funding round. This marks its first investment in the rapidly growing Indian assets and assets management.