Launches & Closures

SSGA brings currency hedging to Asia as global volatility spikes


In a move that seems timely given the rout in global currency markets last month, State Street Global Advisors (SSGA) has extended its Dynamic Strategic Hedging program to Asia. The programme is targeted at regional institutional investors that want to manage risk in the local currencies of mainland China, Hong Kong, Indonesia, India, the Philippines, Singapore, South Korea, Thailand and Taiwan.

"One of the reasons we expanded into these Asian currencies is that we were seeing demand from clients in Asia," said Kelly Driscoll, senior managing director of SSGA Asia. Investors in the region "are increasingly aware of the