Standard & Poor's licenses S&P 500 index to seven ETF issuers

The index provider is also in discussion with a range of other fund issuers to potentially create and list ETFs on the index, as the benchmark for US stock market performance. The seven funds are due to be listed on exchanges across Europe from today and throughout the month. HSBC unveiled its fund on the benchmark today, while Deutsche Bank launched its fund for over-the-counter trading last week, which is now due to be listed. S&P says the licensing marks a significant milestone for the European ETF industry as more investors in more markets will be able to trade the S&P 500 in r...