Products March 15, 2011
SSgA Selects Partner to Promote ETFs in Latin America
March 15, 2011 (PLANSPONSOR.com) - State Street Global Advisors (SSgA), the asset management business of State Street Corporation, has entered into an agreement with Celfin Capital under which Celfin will promote SSgA’s SPDR exchange traded funds (ETFs).
Reported by Rebecca Moore
Ceflin, a financial service provider in Latin America’s Andean Region, is recognized as the largest distributor of foreign mutual funds in the region, according to a press release. The firm will be responsible for promoting SPDR ETFs to institutional investors including pension funds, mutual funds, and insurance companies in Chile, Colombia, and Peru.
“We are pleased to have been selected to promote the SPDR family of ETFs to our growing client base,” said Alejandro Montero, CEO at Celfin Capital, in the announcement. “The addition of SPDR ETFs is a great complement to our current offering, and we look forward to a successful collaboration.”
More information about SPDR ETFs is at http://www.spdrs.com.