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SPDR ETF and Euroclear Bank open the European Market in Paris
Representatives from State Street Global Advisors (SSGA) SPDR® ETFs team and from Euroclear Bank celebrate 13 SPDR® ETFs domiciliation on a unique platform in Ireland.
SPDR ETFs had a number of exciting developments over 2014. They reached a milestone of $10 billion in asset under management in Europe earlier in the year and more recently announced a range of enhancements to their product platform. This included reducing fees across 15 core equity and fixed income ETFs, consolidating all funds onto a single UCITS platform and moving 13 funds onto a single, centralised settlement structure that will issue and settle via an international central securities depository (ICSD) through Euroclear Bank.