State Streets gets go-ahead to trade in UK retail market

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State Street Global Advisors has been given the green light by the FSA to market its exchange traded...

State Street Global Advisors has been given the green light by the FSA to market its exchange traded funds (ETFs) through the UK retail channel. The range of ETFs, which are large tracking funds traded as a share, are branded street-tracks. Based on MSCI sector indices and listed on Euronext Paris and Amsterdam, the firm has no plans to list them on the London Stock Exchange. There are 13 ETFs in the European range from State Street Global Advisers, which is the investment management arm of State Street. Three of the funds track the AEX Index, as well as the MSCI Pan-European and UK ind...

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