New Products
ETF Provider Extends Distribution to Portugal
Exchange traded funds provider SPA ETF has agreed with NYSE
Euronext and Portuguese bank Caixa - Banco de Investimento to
list and distribute the first-ever ETF in Portugal.
The SPA ETF PSI-20 will be listed on the NYSE Euronext in
Portugal and will track the PSI-20 (the Portuguese Stock Index),
opening the Portuguese ETF market to both retail and
institutional investors.
SPA says the ETF is being listed as a direct response to investor
demand and that the country represents a significant investment
opportunity for both local investors and international investors
looking to gain exposure to Portuguese stocks.
This development with CaixaBI represents the first European
distribution deal for SPA ETF. It plans to set up further
partnerships with distributors who stand to benefit from its
platform in creating and listing exchange traded funds tailored
to the specific needs of its partners.
