The asset management business of State Street is expanding its intermediary network in the UAE, as it looks to register five Ucits mutual funds with the Securities and Commodities Authority (SCA).
State Street Global Advisors’ (SSGA) funds will be promoted through intermediaries onshore in the UAE to qualified investors, subject to approval.
The range looks to provide investors with exposure to global markets, including access to investment themes such as emerging markets, low volatility equities, value investing, asset allocation and environmental, social and governance factors.
“We are focusing on intermediaries as a central part of our UAE operations,” Emmanuel Laurina, SSGA head of Middle East and Africa, said: “UAE intermediaries represent an important opportunity for growth and increased market share, allowing us to effectively reach investors not previously actively targeted by the firm.
“The UAE is a growth market where global investors are increasingly discerning and demand access to the most efficient, flexible and highly performing financial instruments.”
