Spa ETF inks deal to list in Portugal

Spa ETF has signed an agreement with NYSE Euronext and Portuguese bank Caixa-Banco de Investimento, to list and distribute the first exchange-traded fund in Portugal. The Spa ETF PSI-20 will be listed on the NYSE Euronext in Portugal, tracking the Portuguese index, and will be available to retail and institutional investors. According to Spa ETF, Portugal represents a significant investment opportunity for local and international investors. Spa ETF said the ETF segment is having much success in all the European NYSE Euronext markets. A daily average turnover of EUR357m was traded on N...