US investment firm State Street Global Advisors (SSgA) has acquired an exclusive ETF licence to list and trade SPDR funds based on the S&P/ASX 200.

Source has unveiled an ETF tracking the total return of the S&P 500 index, adding to its existing fund range offering US exposure.

The Chartered Insurance Institute (CII) will apologise to candidates who took an exam with an "error" in a question on inheritance tax (IHT) worth more than a tenth of the overall marks.

Commerzbank and Deutsche Bank have listed S&P 500 ETFs on the Xetra exchange in Germany.

Advisers have been left angry and anxious about their prospects of passing a CII exam because of an apparent ambiguous question worth more than a tenth of the overall marks.