SSGA to launch new Euro ETFs
22 December 2010 London
Image: Shutterstock
State Street Global Advisors will launch a new range of ETFs across Europe in the first quarter of 2011.
The company currently has a small number of SPDR ETFs in France and Germany, tracking MSCI Europe, MSCI Small Cap and a series of MSCI Europe Sector indices.
The new funds will include equity and fixed income ETFs as well as a series of innovative funds. They will be listed in Switzerland and Italy.
SSgA head of intermediaries EMEA Vin Bhattacharjee said: "We physically replicate our funds. We have no intention of doing anything synthetic at the moment, although we might consider this in a year or so down the road.
We will come out with transparency on what percentage of revenue goes back into the funds.
"There's obviously quite a lot of focus on synthetic products and transparency, but securities lending requires this too and we'll be the leaders in this."
See page 10 of the latest issue of Securities Lending Times for more on State Street's view on European ETFs
The company currently has a small number of SPDR ETFs in France and Germany, tracking MSCI Europe, MSCI Small Cap and a series of MSCI Europe Sector indices.
The new funds will include equity and fixed income ETFs as well as a series of innovative funds. They will be listed in Switzerland and Italy.
SSgA head of intermediaries EMEA Vin Bhattacharjee said: "We physically replicate our funds. We have no intention of doing anything synthetic at the moment, although we might consider this in a year or so down the road.
We will come out with transparency on what percentage of revenue goes back into the funds.
"There's obviously quite a lot of focus on synthetic products and transparency, but securities lending requires this too and we'll be the leaders in this."
See page 10 of the latest issue of Securities Lending Times for more on State Street's view on European ETFs
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