State Street acquires exclusive ETF licence on S&P/ASX 200

The licence, granted by index provider Standard & Poor's, means SSgA is the only company in Australia with the right to offer an ETF product replicating the nation's most popular benchmark index. Head of S&P Indices Australia Guy Maguire says S&P has awarded exclusivity to SSgA because of its "solid track record" in the Australian ETF market and its ability to deliver world-class solutions. He says: "The S&P/ASX 200 is recognised as Australia's primary investable benchmark so it is important that an ETF tracking this benchmark meets the high standards we have set to bring value to inv...