S&P 500 index licensed to European ETF providers

Michael John Lytle, Source

The S&P 500 was previously licensed exclusively to iShares in Europe but this move will open 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 client,” says David Chellew, head of market positioning at HSBC in London.

The S&P 500 is a well-known and widely used benchmark, and investors in Europe want access to it through ETFs, as they seek low-cost ways of diversifying their portfolios