ETF Trends
ETF Trends

State Street Global Advisors is reaching across the Pacific to try their luck in Japan, starting with a gold-focused exchange traded fund (ETF).

By the end of 2008, SSGA plans to list some of their U.S. ETFs on a Japanese exchange, reports Risa Maeda and Yuka Obayashi for Guardian.

This month, State Street is cross-listing its gold ETF in Tokyo, in an attempt to attract the mid-sized investor.

Six of the provider’s funds are available over-the-counter in Japan, including the S&P 500 SPDR (IVV). SPDR Gold Shares (GLD) will list on the Tokyo exchange as of June 30th. Japanese institutional investors are the key market for the yen-dominated gold shares ETF.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.