Funds: State Street and Amundi ETFs open to new markets, Optimum targets German property, HSBC Brazil fund rating
State Street opens ETF platform to UK market, Amundi ETFs register in Germany, Italy, the Netherlands and Switzerland, Optimum taps Berlin property market, HSBC Brazil equity fund loses A rating.
State Street Global Advisors “SPDR” ETFs
State Street Global Advisors has made its range of physically-backed equity and fixed-income exchange-traded funds available to the UK market.
Following earlier ETF listings by the investment manager through its SPDR platform on the Euronext Paris and Deutsche Boerse, the products have begun trading on the London Stock Exchange.
The Dublin-domiciled ETFs include emerging markets and global products, using both fixed income and equities.
Within the fixed income range is SPDR Barclays Capital Emerging Markets Local Bond ETF, the first European fixed-income ETF giving investors access to local currency emerging-market debt, the firm said. Three other fixed income ETFS are available: the SPDR Barclays Capital US Aggregate Bond ETF, SPDR Barclays Capital US Treasury Bond ETF and SPDR Barclays Capital Sterling Aggregate Bond ETF.
Two global equity funds are listed, the SPDR MSCI ACWI ETFand SPDR MSCI ACWI IMI ETF. The funds are the first European equity ETFs to track the MSCI All Country World Index and the MSCI ACWI Investable Market Index, according to a statement.
Five emerging markets equity funds are listed: SPDR MSCI Emerging Markets ETF, the SPDR MSCI Emerging Markets Small Cap ETF, SPDR MSCI EM Asia ETF, SPDR MSCI EM Latin America ETF, and the SPDR MSCI EM Europe ETF.
German, Italian, Dutch and Swiss investors can access a number of Amundi’s ETF products, after the firm cross-listed and registered the funds for sale into those markets.
The Ucits III compliant ETFs invest in European blue chip equities for equity funds and mainly investment grade bonds for fixed income funds, said the firm.
Asset classes including equities, fixed income, money markets, and commodities are covered by the products, and different geographical exposures including Europe, the US, emerging markets, and global, the firm added.
100 of the products from the French asset manager are listed on the NYSE Euronext in Paris and 300 registrations and cross-listings have been pursued in Germany, Italy, the Netherlands, Switzerland, and the UK.