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SSGA registers 19 ETFs in Japan

SSGA registers 19 ETFs in Japan

State Street Global Advisors (Japan) has completed the registration of 19 exchange traded funds (ETFs) in Japan, boosting its total ETFs offering in the country to 50.

The registration of the 19 ETFs was completed in second quarter of this year.

Of the 19 ETFs, 14 are from its SPDR Portfolio ETFs – a suite of ultra-low-cost ETFs that SSGA launched in the US last October.

Meanwhile, the remaining five ETFs provide investors with exposure to European stocks, US and international fixed income.

The company’s spokesperson told Citywire Asia that all 19 ETFs are listed in the US on NYSE Arca exchange and are available to investors outside Japan.

Following the registration with Japan’s Financial Services Authority (FSA), these ETFs are now available for Japanese investors for the first time.

In Japan, SSGA has 50 ETFs registered with the FSA, of which three are cross-listed on the Tokyo Stock Exchange (TSE), the spokesperson said.

The three ETFs that are listed on the TSE are its S&P 500 ETF, Gold ETF and Pan-Asia Index Bond Fund (PAIF) ETF.

Of the three ETFs listed on the TSE, the S&P 500 ETF, which has about $160 million, is the largest in terms of assets under management.  

Takashi Takamura, the company’s president, said the addition of 19 funds to its ETF lineup in Japan underscores the company’s commitment to providing Japanese investors with innovative solutions.

SPDR SSGA Gender Diversity Index ETF, for example, promotes gender diversity among US companies, and demonstrates the company’s belief in offering socially progressive products to its investors.

David Collins, the company’s head of ETF, said each fund in the SPDR Portfolio suite is priced very competitively among the ETFs in the category.

The 19 ETFs, which trade actively in the US, had a combined total of over $26 billion in assets as of June 18.

Investors will be able to purchase the new ETFs from securities companies who offer the products on their platforms.

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