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State Street Global Advisors Launches 10 SPDR ETFs on the Euronext Exchange

State Street Global Advisors (SSGA), the asset management arm of State Street Corporation, today announced that it has launched 10 World Sector SPDR Exchange Traded Funds on the Euronext Exchange.

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This launch is combined with a merger of assets from existing French domiciled Global Equity Sector funds.

Drawing on SSGA’s experience in sector investing, with approximately $100 billion in global sector assets under management [1], SPDR ETFs has built the broadest range of physically-replicated sector ETFs in Europe. Investing in sectors enables investors to precisely target the drivers of risk and return, and adjust exposures simply and cost-efficiently, to respond to changes in the economic cycle.

Alexis Marinof, head of SPDR ETFs for Europe, Middle East and Africa (EMEA) commented, “In the current economic environment, investors would do well to consider a sector rotation strategy. It can add an important layer of diversification and control to multi-asset portfolios.

By tilting away from the sectors expected to underperform in the short term during periods of economic stress, and towards more resilient sectors, investors can use sector rotation to reduce the impact of volatility on their portfolios. Today, for tactical picks, investors could be looking at better earnings coming from technology companies.

Portfolio management of these ETFs will be based in Paris, sitting in the same team that has been managing the French domiciled World Sector index funds for the past 15 years.

SSGA is one of the leading ETF providers in the world and offers 99 [2] ETFs in Europe, with $14 billion in assets under management [3] (AUM). SPDR ETFs is the only European provider with a comprehensive and consistent suite of sector funds, totaling 29 [4] ETFs across global, US and European exposures.

Next Finance , May 2016

Article also available in : English EN | français FR


[1] As of 31/03/2016

[2] As of 03/05/2016

[3] As of 31/03/2016

[4] As of 03/05/2016

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