State Street Global Advisors to expand ETF operations in Europe

The ETF provider is planning to grow its SPDR exchange-traded funds business in Europe this year as the market "comes of age".

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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