SSgA points to further sovereign diversification
State Street Global Advisors expects to boost its $400 billion in sovereign assets under management, with Asia a key driver – despite a slowdown in the region's reserve growth.
The incoming global head of official institutions at State Street Global Advisors is likely to have a major focus on Asia Pacific, given that the region accounts for the majority of sovereign assets globally and state entities are looking to diversify their portfolios.
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