Funds: State Street records major fund investment

SSGA has recorded a 50 per cent increase in investment flows into its European exchange traded funds (ETF) for the first half of 2013, the company has said.

6th July, 2013

State Street Global Advisors (SSGA) has recorded a 50 per cent increase in investment flows into its European exchange traded funds (ETF) for the first half of 2013, the company has said.

ETF assets under management in Europe topped $6 billion by the end of June, up from about $4 billion at the beginning of the year, according to Niall O'Leary, head of EMEA portfolio strategist for SSGA.

The inflow of new funds put the asset manager into the...

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