SSGA expands Mexican footprint by cross-listing 31 SPDR UCITS ETFs

May 31st, 2019 | By | Category: ETF and Index News

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State Street Global Advisors (SSGA), the asset manager behind the SPDR range of ETFs, has expanded its presence in Mexico by cross-listing 31 European-listed UCITS ETFs on the country’s stock exchange, Bolsa Mexicana de Valores (BMV).

SSGA expands Mexican footprint by cross-listing 31 SPDR UCITS ETFs

The SPDR funds cross-listed to BMV collectively house over $6.3 billion in assets under management.

Heinz Volquarts, Head of Distribution for SPDRs in Latin America, said, “SPDR’s cross-listings reflect our continued focus on Latin American investors for whom UCITS funds can provide tax advantages and diversification benefits compared to a purely US domiciled portfolio.”

The cross-listings consist of 30 equity ETFs and one fixed income fund, collectively housing around $6.3 billion in assets under management.

Most of the equity funds come from SSGA’s equity sector-focused line-up.

The firm has cross-listed its entire suites of US and European sector ETFs, accounting for over $1.1bn and $1.6bn in AUM, respectively, as well as five global sector funds with $600m total AUM.

The largest fund to be corss-listed, however, is the $840 million SPDR S&P 400 US Mid Cap UCITS ETF which provides exposure to US mid-caps via the S&P 400 Index, while the small-cap focused SPDR Russell 2000 US Small Cap UCITS ETF, linked to the Russell 2000 Index, has also been cross-listed.

As SSGA has previously cross-listed the SPDR S&P 500 ETF (SPY* MM) on BMV, Mexican investors can now gain access to each of the US large-, mid-, and small-cap segments through SPDR ETFs.

The remaining equity ETFs provide investors with exposure to global or emerging market small-caps as well as Asian EM stocks.

The fixed income fund is the SPDR Bloomberg Barclays Global Aggregate Bond UCITS ETF. It is linked to the Bloomberg Barclays Global Aggregate Index, a flagship measure of global investment grade debt from 24 local currency markets. The index covers Treasury, government-related, corporate, and securitized fixed-rate bonds from both developed and emerging markets issuers.

The ETFs, listed below, have expense ratios ranging from 0.10% to 0.55%.

SPDR S&P 400 US Mid Cap UCITS ETF (SPY4N MM); 0.30%; AUM $840m
SPDR Russell 2000 US Small Cap UCITS ETF (R2USN MM); 0.30%; $500m
SPDR MSCI World Small Cap UCITS ETF (WDSCN MM); 0.45%; $330m
SPDR MSCI Emerging Markets Small Cap UCITS ETF (EMSDN MM); 0.55%; $80m
SPDR MSCI EM Asia UCITS ETF (EMADN MM); 0.55%; $690m

SPDR S&P US Consumer Discretionary Select Sector UCITS ETF (SXLYN MM); 0.15%; $70m
SPDR S&P US Consumer Staples Select Sector UCITS ETF (SXLPN MM); 0.15%; $200m
SPDR S&P US Energy Select Sector UCITS ETF (SXLEN MM); 0.15%; $130m
SPDR S&P US Financials Select Sector UCITS ETF (SXLFN MM); 0.15%; $190m
SPDR S&P US Health Care Select Sector UCITS ETF (SXLVN MM); 0.15%; $210m
SPDR S&P US Industrials Select Sector UCITS ETF (SXLIN MM); 0.15%; $50m
SPDR S&P US Materials Select Sector UCITS ETF (SXLBN MM); 0.15%; $10m
SPDR S&P US Technology Select Sector UCITS ETF (SXLKN MM); 0.15%; $140m
SPDR S&P US Utilities Select Sector UCITS ETF (SXLUN MM); 0.15%; $20m
SPDR S&P US Communication Services Select Sector UCITS ETF (SXLCN MM); 0.15%; $140m

SPDR MSCI World Energy UCITS ETF (WNRGN MM); 0.30%; $280m
SPDR MSCI World Financials UCITS ETF (WFINN MM); 0.30%; $130m
SPDR MSCI World Materials UCITS ETF (WMATN MM); 0.30%; $10m
SPDR MSCI World Technology UCITS ETF (WTECN MM); 0.30%; $150m
SPDR MSCI World Communication Services UCITS ETF (WTELN MM); 0.30%; $20m

SPDR MSCI Europe Consumer Discretionary UCITS ETF (CDISN MM); 0.30%; $110m
SPDR MSCI Europe Consumer Staples UCITS ETF (CSTPN MM); 0.30%; $410m
SPDR MSCI Europe Energy UCITS ETF (ENGYN MM); 0.30%; $320m
SPDR MSCI Europe Financials UCITS ETF (FNCLN MM); 0.30%; $690m
SPDR MSCI Europe Health Care UCITS ETF (HLTHN MM); 0.30%; $80m
SPDR MSCI Europe Industrials UCITS ETF (NDUSN MM); 0.30%; $20m
SPDR MSCI Europe Materials UCITS ETF (MTRLN MM); 0.30%; $10m
SPDR MSCI Europe Technology UCITS ETF (ITECN MM); 0.30%; $20m
SPDR MSCI Europe Communication Services UCITS ETF (TELEN MM); 0.30%; $10m
SPDR MSCI Europe Utilities UCITS ETF (UTILN MM); 0.30%; $20m

SPDR Bloomberg Barclays Global Aggregate Bond UCITS ETF (GLAGN MM); 0.10%; $440m

With these cross-listings, SSGA now offers a total of 106 SPDR ETFs in Mexico, consisting of both US and UCITS products.

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