Announcement follows SSGA’s investment in smallcase

BOSTON & BANGALORE, India, May 15, 2025--(BUSINESS WIRE)--State Street Global Advisors (SSGA), the asset management arm of State Street Corporation (NYSE: STT) and one of the world's leading investment managers, announced a strategic relationship with smallcase, India’s largest model portfolios platform. The collaboration is part of SSGA’s strategic investment in smallcase announced recently.

The relationship will offer SSGA a strategic distribution opportunity for its SPDR ETFs by being featured on smallcase’s platform technology to broaden access for Indian investors seeking global investment exposures. SSGA will provide strategic support as smallcase plans for global expansion and explore ways in which State Street Corporation’s global wealth services can further that growth.

"India remains a priority market for SSGA, and we are impressed by the innovation smallcase brings to the investment ecosystem," said Yie-Hsin Hung, CEO of SSGA. "This relationship and investment aligns with our strategy of collaborating with leading wealth technology firms to enhance investor ease of access, choice and experience. Together with smallcase, we are excited to further the adoption of wealth-tech in India and improve individual investors’ seamless access to global investment solutions."

Founded in 2015 and headquartered in Bangalore, smallcase gives individual investors access to "smallcases" or model portfolios—curated portfolios of stocks and ETFs. Designed to make investing simple and accessible regardless of investor’s experience or financial knowledge, $16B+ has been transacted in smallcases since inception.

Speaking on the announcement, Vasanth Kamath, Co-founder and CEO, smallcase said, "Our new strategic relationship with State Street Global Advisors marks a significant milestone in our journey to offer global equities exposure to our users. SSGA’s deep expertise, strong track record, and global reach make this collaboration a crucial step in our expansion into the international wealth marketplace. We are also excited to have SSGA join as a shareholder in our mission to help more investors design better financial outcomes."

SSGA recently participated in smallcase’s $50M Series D funding round. This marks its first investment in the rapidly growing Indian asset and wealth management market.

About State Street Global Advisors

For over four decades, State Street Global Advisors has served the world’s governments, institutions, and financial advisors. With a rigorous, risk-aware approach built on research, analysis, and market-tested experience, and as pioneers in index and ETF investing, we are always inventing new ways to invest. As a result, we have become the world’s fourth-largest asset manager* with US $4.67 trillion† under our care.

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*Pensions & Investments Research Center, as of 12/31/23. †This figure is presented as of March 31, 2025 and includes ETF AUM of $1,553.58 billion USD of which approximately $106.42 billion USD in gold assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated. Please note all AUM is unaudited.

About smallcase

smallcase is a leading provider of investment products and platforms to the Indian capital markets industry. Launched in 2016, it operates India’s largest model portfolios platform and has served over 10 million individual investors across all its offerings till date. smallcase's technology platforms and solutions are used by 250+ leading financial institutions and brands across research firms, advisors, wealth managers and brokerages to offer diversified exposures to their clientele. In 2023, smallcase entered the asset management space to develop index funds & ETFs as India’s only passive-only fund house.

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