State Street Global Advisors is planning to launch its first UK-listed exchange-traded funds this summer.

The investment management division of the US-based financial services holding company State Street Corporation is awaiting regulatory approval before it launches the new range of ETFs on the London Stock Exchange.

The firm already has a European presence through the Deutsche Börse; it offers 27 different German-listed ETFs, including a single sterling-denominated fund. Its European ETFs include funds that track the MSCI Europe, world and emerging markets indices.

State Street Global Advisors' assets under management stand at $1.9 trillion, as of June 2010.