Fixed income ETF provider Tabula has received authorisation from the National Securities Market Commission to distribute its funds in Spain.
The London-headquartered group already has registration in Portugal giving it a presence across Iberia to sell its range of fixed income Ucits ETFs,” said Tabula CEO Michael John Lytle.
“Investment in ETF strategies continues to grow at a rapid rate, and we can see strong appetite from Spanish and Portuguese investors.”
Tabula ETFs are now passported to 15 countries in Europe. The fund range includes European credit funds that minimise interest rate risk while delivering full credit exposure. Tabula also has a credit volatility fund designed to generate returns with a low correlation to traditional benchmarks.
Tabula ETFs can be traded on the London Stock Exchange, BX Swiss and Börse Berlin, with other exchanges pending. In Spain, the local agent for Tabula ETFs is Selinca.