State Street Global Advisers (SSgA) plans to expand its ETF footprint in Europe and has renamed its French-domiciled fund range to match its global SPDR brand.
The ETFs, previously named StreetTracks, are now registered and listed as SPDR ETFs.
SSgA head of EMEA intermediary business Vin Bhattacharjee says: "This effort is a first step as we look forward to expanding our SPDR ETF footprint in Europe. We anticipate seeking regulatory approval to cross-list these funds on stock exchanges in key European markets."
The new name applies to all 13 of SSgA's French-domiciled ETFs, including European regional and industry sector funds. The range trades on NYSE Euronext markets.
SSgA is seeking for these ETFs, which are registered in France, Germany, Luxembourg, the UK and the Netherlands, to be registered in other selected countries.
The firm has also enhanced other aspects of these ETFs, by lowering the total expense ratios and boosting liquidity provisions.
SSgA has created a dedicated support team in London and has launched a new website for the European funds.
State Street is one of the largest global providers of ETFs, with $204bn in ETF assets under management.
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