FTAdviser.com

Advertising

The SPA ETF PSI-20, which tracks the PSI-20, the Portuguese stock index, is now listed on the NYSE Euronext in Portugal. The ETF is being distributed by Caixa - Banco de Investimento, the Portuguese bank.

SPA ETF said the listing came as a direct response to investor demand. It said that Portugal represents a significant investment opportunity for both local Portuguese investors and international investors looking for exposure to Portuguese stocks.

Valentim Martins, director, at Caixa - Banco de Investmento, said: “The huge growth of the ETF industry worldwide has been remarkable and we are convinced that this launch will be a great development for investors in Portugal. The first ETF to be launched in Portugal tracks the PSI-20, so now Portuguese investors can buy the market in just one share.”

The listing represents the first-ever European distribution deal for SPA ETF. The company plans to set up further partnerships with distributors who stand to benefit from SPA ETF’s platform and knowledge in creating and listing ETFs tailored to the specific needs of its partners.

SPA ETF, based in London, is supported by London & Capital, the independent investment advisers and fund managers.