State Street Backs Groww AMC to Transform Investing in India [Yahoo! Finance]
State Street Corporation (STT)
Last state street corporation earnings: 4/17 07:38 am
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Source: Yahoo! Finance
to regulatory approval, in Groww Asset Management Limited ("Groww AMC"), the asset management arm of Billionbrains Garage Ventures Limited ("GROWW"), one of India's most innovative and fast-growing digital investment platforms. This partnership marks a significant step in State Street Investment Management's commitment to democratizing investing. The investment will enable State Street Investment Management to strengthen its presence in one of the world's most promising markets while also enabling the delivery of Indian-focused investment strategies to its clients globally. "India stands out as a market of immense opportunity, with a rising middle class, favorable demographics, and a rapid shift toward embracing modern investment products," said Yie-Hsin Hung, chief executive officer of State Street Investment Management . "Groww AMC is at the forefront of this transformation, making investment exposures accessible to millions of individuals and capturing a significant share of th
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