ETF providers sign S&P 500 licence agreements

Lyxor says it has signed a licence agreement with S&P and will provide product development details imminently. Other issuers such as Source say they are considering launching a fund on the S&P 500 now that it is available for further licensing. Source director of marketing Michael John Lytle says: "We are actively considering launching a fund on the S&P 500. It is part of offering your clients a full range of market exposures." The race to launch funds on the US benchmark follows the end of an exclusive agreement on 17 May whereby iShares has been the only issuer in Europe with the...