AMWatch

State Street homes in on Nordics with SPDR team additions

By creating the new position of Head of Nordics at its UK-based SPDR unit, State Street is sending a clear signal to competitors that it intends to be a key player in the ETF market in the Nordic region.

Marcus Miholich | Photo: SPDR

State Street Global Advisors (SSGA) launched the first ever ETF in 1993, with the S&P 500 Depositary Receipts. According to SPDR, this ETF now has AUM of nearly USD 275 billion*, which makes it the largest ETF in the world.

ETFs and passive products have seen huge inflows in the US for many years. But in Europe -- and the Nordic countries in particular -- investors have been slower to adopt the product.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

ATP to pressure portfolio companies with new tool

Starting next year, companies will be required to divulge the proportion of investments and revenue which can be classed as sustainable. This is meant to provide institutional investors with far better means to push carbon-intensive businesses in a greener direction, says ATP about vastly improving its active ownership.

GSAM bets on millennials

Through a partnership with Max Matthiessen and its fund firm Navigera, Swedish customers can get access to one of Goldman Sachs Asset Management’s active equity strategies. It’s one that is based on the rise of a powerful consumer force, portfolio manager Laura Destribats says during a Stockholm press meet.

Further reading

Latest news

AMWatch job

See all jobs

See all jobs

Watch job

See all jobs

See all jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch