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SSgA preps Asian Bond Fund ETFs

Mandated to run the pan-Asian fund by the region''s central banks, State Street will open it to other investors.

The Hong Kong Monetary Authority, on behalf of a group of the Asia-Pacific's central banks, has mandated State Street Global Advisors to manage the pan-Asian US dollar-denominated half of the $2 billion Asian Bond Fund-2. Now SSgA is preparing to expand the passive investment to private investors, including Asian retail and global institutional players.

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