State Street Global Advisors has received UK approval for its range of European exchange-traded funds (ETFs), giving the firm more scope to market its products to a wider range of retail investors.
The firm's European "streetTRACKS" ETFs were launched last year and are domiciled in France and traded on the Euronext. Recognition from the Financial Services Authority, the UK regulator, was necessary before they could be effectively marketed through intermediaries.
