SPA ETF blames market conditions for ETF delisting

SPA ETF has delisted six ETFs from the Borsa Italiana's ETF PLUS market. The funds include Market Grader 40, Market Grader 100, Market Grader 200, Market Grader Large Cap, Market Grader Mid Cap and Market Grader Small Cap. SPA ETF also plans to delist the ETFs from the London Stock Exchange from 1 May 2009. James Oates, head of marketing at SPA ETF, says market conditions have made it difficult for the funds to attract the level of investment they require. The provider will now focus on using its Dublin platform to white label ETFs on behalf of other financial instit...