State Street to enter UK ETF market in Q3

clock

State Street Global Advisors is launching its inaugural UK range of ETFs within the next quarter, as part of plans to launch more than 50 index-tracking funds in the next two years.

Vin Bhattacharjee, head of the firm's EMEA intermediary business, said SSgA's expansion across Europe was "inevitable" as it has already established itself as one of the largest ETF providers in the US. In an interview with ETFM earlier in the year, Bhattacharjee said: "We're not going to blanket cover the market, but we will certainly aim to have a fund family of 50-plus ETFs over the next couple of years." The firm will focus on core, traditional strategies, launching on broad equity and fixed income indices using passive, physically-replicated funds. Bhattacharjee added State St...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Watch Professional Adviser's Working Lunch on the Baillie Gifford American fund - 'The Ostrich, the Index, and Us: seeking exceptional US growth in a top-heavy market'

Watch Professional Adviser's Working Lunch on the Baillie Gifford American fund - 'The Ostrich, the Index, and Us: seeking exceptional US growth in a top-heavy market'

Catch up on the discussion

Professional Adviser
clock 10 February 2025 • 1 min read
Alec Cutler: The swinging pendulum of investor sentiment

Alec Cutler: The swinging pendulum of investor sentiment

Exploring how investors view the ever-changing energy market

Alec Cutler
clock 05 February 2025 • 4 min read
FCA to cut corporate bonds red tape to drive greater retail investor and wealth manager access

FCA to cut corporate bonds red tape to drive greater retail investor and wealth manager access

Move intended to boost UK growth

Linus Uhlig
clock 31 January 2025 • 2 min read