State Street shifts ETFs to Euroclear ICSD

Related Content Related Video White Papers Related Articles

State Street Global Advisors (SSgA) is migrating 13 SPRD branded exchange traded funds to an international structure under Irish law, with the assistance of Euroclear, which is providing an international central securities deposit (ICSD) facility.

Shifting the legal structure of the ETFs is intended to cut costs, with the ICSD platform facilitating primary market issuance and trading settlement. The 13 affected ETFs currently are listed on Euronext Paris, Euronext Amsterdam, Euronext Brussels, Borsa Italiana, SIX Swiss Exchange and will also list on the London Stock Exchange.

Stephan Pouyat, global head of Capital Markets at Euroclear, said: “We applaud SSGA’s recent announcement to rationalise their offering. By simplifying the issuance and post-trade processing in the European ETF market, liquidity providers will be able to significantly improve service levels towards end investor clients and ultimately lower the cost of owning ETFs.”

Paul Young, head of Capital Markets Group, SPDR ETFs EMEA said: “We anticipate that the new international structure will alleviate many of the operational complexities, costs and risks when settling ETF units and realigning them in the incumbent CSD structure. This is an exciting development and further demonstrates our commitment to enhancing the service we offer clients.”

 

French Domiciled Fund  ISIN New Irish Domiciled Fund New ISIN
SPDR AEX Index UCITS ETF FR0000001893 SPDR AEX UCITS ETF IE00BKWQ0B60
SPDR MSCI Europe Consumer Discretionary UCITS ETF FR0000001752 SPDR MSCI Europe Consumer Discretionary UCITS ETF IE00BKWQ0C77
SPDR MSCI Europe Consumer Staples UCITS ETF FR0000001745 SPDR MSCI Europe Consumer Staples UCITS ETF IE00BKWQ0D84
SPDR MSCI Europe Energy UCITS ETF FR0000001810 SPDR MSCI Europe Energy UCITS ETF IE00BKWQ0F09
SPDR MSCI Europe UCITS ETF FR0000001885 SPDR MSCI Europe UCITS ETF IE00BKWQ0Q14
SPDR MSCI Europe Financials UCITS ETF FR0000001703 SPDR MSCI Europe Financials UCITS ETF IE00BKWQ0G16
SPDR MSCI Europe Health Care UCITS ETF FR0000001737 SPDR MSCI Europe Health Care UCITS ETF IE00BKWQ0H23
SPDR MSCI Europe Industrials UCITS ETF FR0000001778 SPDR MSCI Europe Industrials UCITS ETF IE00BKWQ0J47
SPDR MSCI Europe Information Technology UCITS ETF FR0000001687 SPDR MSCI Europe Technology UCITS ETF IE00BKWQ0K51
SPDR MSCI Europe Materials UCITS ETF FR0000001794 SPDR MSCI Europe Materials UCITS ETF IE00BKWQ0L68
SPDR MSCI Europe Small Cap UCITS ETF FR0010149880 SPDR MSCI Europe Small Cap UCITS ETF IE00BKWQ0M75
SPDR MSCI Europe Telecommunication Services UCITS ETF FR0000001687 SPDR MSCI Europe Telecommunications UCITS ETF IE00BKWQ0N82
SPDR MSCI Europe Utilities UCITS ETF FR0000001646 SPDR MSCI Europe Utilities UCITS ETF IE00BKWQ0P07
preloader
Close Window
View the Magazine





You need to fill all required fields!