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Deals & People March 15, 2011
SSgA Selects Partner to Promote ETFs in Latin America
State Street Global Advisors (SSgA) has made an agreement with Celfin
Capital in 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. “The addition of SPDR ETFs is a great complement to our current offering, and we look forward to a successful collaboration.”