S&P 500 licensed to European ETF providers

European ETF providers given access to S&P 500

Standard & Poor's has opened up its benchmark US index, the S&P 500, to seven exchange-traded fund (ETF) providers in Europe, meeting demand from a range of investors to be able to invest in US equities as the market recovers from recession.

The S&P 500 was previously licensed exclusively to iShares in Europe but this move will open up the index to competition among ETF providers. "The availability of a number of S&P 500 ETFs in the market can only be positive because it increases choice for the

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