SPA ETF distributes ETF in Portugal

SPA ETF, a provider of exchange-traded funds (ETFs) has partnered with NYSE Euronext and the Portuguese bank Caixa–Banco de Investimento (CaixaBI) to list and distribute the first ETF in Portugal. The SPA ETF PSI-20 is listed on the NYSE Euronext in Portugal and tracks the PSI-20, the Portuguese Stock Index.

The partnership with CaixaBI marks the first European distribution deal for Spa ETF, which intends to establish further partnerships with distributors to launch its ETFs.