State Street Global Advisors Looks To Offer An ETF Product Replicating Australia’s Benchmark Index
June 16th, 2010
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“State Street Global Advisors (SSgA) has announced that it has acquired an exclusive licence from Standard & Poor’s (S&P) to list and trade SPDR exchange traded funds (ETFs) based upon the S&P/ASX 200,” Milana Pokrajac Reports From Money Management.
“The licence with S&P means SSgA has the right to offer an ETF product replicating Australia’s benchmark index of the country’s top 200 listed companies. The SPDR S&P/ASX 200 had more than $2.17 billion in funds under management (FUM) at May 31, accounting for more than 65 per cent of total ETF assets offered in Australia,” Pokrajac Reports.
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