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SPA ETF enables multi-currency trading for MarketGrader range

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UK investors are now able to buy from the SPA MarketGrader range of ETFs in Sterling as well as US Dollars, simplifying their brokerage account requirements and removing the time and costs

UK investors are now able to buy from the SPA MarketGrader range of ETFs in Sterling as well as US Dollars, simplifying their brokerage account requirements and removing the time and costs of currency exchange.

The SPA MarketGrader ETFs currently available include MarketGrader 40, 100 and 200, three ETFs based on a basket of top-rated North American securities, and SPA MarketGrader Large Cap, Mid Cap and Small Cap, funds based on the top 100 North American stocks within each market capitalisation category. Further funds are due to be launched in 2008.

Daniel Freedman, director, SPA ETF Plc, says: ‘UK investors are increasingly looking to invest into the growing Exchange Traded Fund market. The availability of SPA’s UK-listed ETFs in Sterling will allow UK investors to gain access to the returns that these funds aim to deliver from their ordinary sterling brokerage accounts. UK investors are also now able to gain easier access to the unique benefits of SPA’s ETFs within their portfolios, including tax wrappers such as SIPPS, PEPs, ISAs and CTFs.’

SPA’s ETFs are based on the fundamentally driven indices created by US research company MarketGrader’s quant-based system.

According to SPA ETF, since the MarketGrader 40 index went live it has achieved 3 year annualised returns of 17.81%, compared to the S&P 500, which has achieved annualised returns of 11.06% (to 30 September 2007).

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