State Street Global Advisors of Boston is planning to launch a family of exchange-traded funds in Europe based on the European indices of Morgan Stanley Capital International of New York. State Street Global has a licensing agreement to use Morgan Stanley's sector indices, according to Liz Kennedy, a spokesperson for State Street Global.

Barclays of London and Merrill Lynch of New York have launched similar products, but the new State Street Global funds would represent the first family of funds that are both based on European indices and traded in Europe, according to Kennedy. Barclays, for instance, has two exchange-traded funds in the U.K. as well as other exchange-traded funds that track Morgan Stanley indices, but trade in the U.S., according to Christine Hudacko, a spokesperson for Barclays.

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