Spa ETF and CaixaBI to distribute first ETF 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 €357m was traded on NextTrack in 2008, which is an increase of 22% compared with the 2007 average of €292m, it added. The agreement with CaixaBI represents the first European distribution deal ...