SSgA boosting Asian capabilities, launches China JV

State Street Global Advisors (SSgA) is moving to strengthen its investment capabilities across Asia Pacific including in China, where it is recruiting for its freshly minted joint venture. The US house, roughly 90% of whose assets are invested passively, has joined forces with Zhongrong International Trust, which boasts a strong distribution presence in wealth management products. The venture has been titled SSgA Fund, despite the fact that the US firm will be the minority share…