Investors across the globe are looking for ways to invest using exchange traded funds (ETFs) and ETF providers are responding to this demand.
The latest provider to offer up new overseas funds is State Street Global Advisors, as they move to expand ETF offerings in Asia and Europe. [State Street Launches ETF Service.]
According to Svea Herbst-Bayliss for Reuters, State Street is a top provider in Asia, though the market there is still young. State Street is the second-largest U.S. ETF manager, behind BlackRock, but it lags behind several firms in Europe. The two continents will be a foundation for the provider to keep building on its goal of earning about half its revenue abroad. [Emerging Market ETFs Too Hot to Handle?]
Tisha Guerrero contributed to this article.
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.