News

State Street adds communications sector ETF in Japan

Telecoms_towerState Street Global Advisors has registered a US-listed exchange-traded fund (ETF) that invests in the communications services sector for sale in Japan. The ETF tracks a recently established index that was created when the existing telecommunications services sector was expanded to include selected companies from the IT and consumer discretionary sectors. “State Street Global Advisors always seeks to provide investors with the tools necessary to implement sector views across the entire GICS framework,” said David Collins, head of ETFs at State Street Global Advisors Japan, in reference to the Global Industry Classification Standard developed by index compilers MSCI and S&P Dow Jones Indices. Collins said the new ETF, the Communication Services Select Sector SPDR Fund, would track companies representing roughly a tenth of the S&P 500 index in terms of market capitalisation. The product is the 51st ETF listed by State Street Global Advisors in Japan. ©2018 funds global asia

Executive Interviews

Interview: Money needs a place to go

Mar 11, 2019

Peng Fei, chief investment officer at Wanwei Asset Management, tells Romil Patel about allocating capital across risk factors when asset performance is uncertain and unpredictable.

INTERVIEW: Giving peace a chance

Jan 11, 2019

As US-China tensions escalated in 2018, the leaders of the two economies met in Buenos Aires to agree a truce. Aidan Yao, senior emerging Asia economist at Axa Investment Managers, talks to Romil...

Roundtables

Singapore roundtable: A money magnet

Mar 11, 2019

Our panel discussed why the Singapore Variable Capital Company makes them bullish, what gives the onshore jurisdiction an offshore feel and “blood on the streets” from China’s slowdown. Chaired by Romil Patel in Singapore.

HONG KONG ROUNDTABLE: A sunny picture

Jan 11, 2019

Changes to regulation, US-Sino trade tensions and further steps by China to open its capital markets were some of the topics discussed by our panel. Chaired by Romil Patel in Hong Kong.