State Street has launched 18 new exchange-traded funds (ETFs) on its platform in Ireland, Reuters reports. Eight of the new funds will begin trading on the Frankfurt stock exchange on May 18, 2011. So far, State Street offered 13 equity ETFs in Europe, majority of which were based on European sector indices and were launched between 2001 and 2005. The ETF provider had $210.2 billion in assets under management by the end of April 2011.

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