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: Operational challenges

Jun 09, 2018

Caroline Higgins of Northern Trust tells George Mitton about A-share inclusion, ETF Connect and why Cayman funds predominate in the region.

INTERVIEW: Making a name

Apr 18, 2018

Formed by a merger in 2012, Old Mutual Global Investors was little-known in Asia. Carol Wong, managing director for Asia-Pacific, is changing that. She talks to George Mitton.

Roundtables

HONG KONG ROUNDTABLE: a long-term project

Jun 09, 2018

Our panel discussed robo-advisers, ETF Connect, and why the mutual recognition of funds (MRF) scheme will take time to develop. Chaired by George Mitton in Hong Kong.

SINGAPORE ROUNDTABLE: Small nation, big ambitions

Apr 18, 2018

Our cross-industry panel discussed fund passporting, robo-advisers and the potential of a new investment structure, the S-Vacc. Chaired by George Mitton in Singapore.