ETF issuers to launch on S&P 500 index as exclusive agreement with iShares ends

For the past 10 years iShares has been the only ETF sponsor in Europe with the right to use the S&P 500 to underlie its ETFs, meaning the iShares S&P 500 fund listed on the London Stock Exchange has been the only ETF tracking this benchmark in Europe. S&P global head of ETF licensing Reid Steadman says: "On 17 May, we are going to see more S&P 500 ETFs list and trade in Europe - that will be the key point at which our partnership with iShares with respect to the S&P 500 will be non-exclusive." He says Europe in particular has a commercially expanding ETF landscape and more licences wo...