State Street Global Advisors to expand ETF operations in Europe

European Union
State Street hopes to grow its business in Europe

State Street Global Advisors is expanding its SPDR exchange-traded funds (ETFs) business in Europe.

The asset manager - which is the second largest ETF provider in the US - already has 13 funds listed in Europe, with assets under management of $869 million (€628.8 million). It is planning 20-30 new listings this year once it has regulatory approval.

Although there are already several, large, established players in Europe, Eleanor Hope-Bell, head of intermediaries UK and Nordics at State Street

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