Deutsche Borse launches currency-hedged ETF for S&P 500

Deutsche Borse Group has launched a new source exchange traded fund (ETF) which offers currency-hedged access to the S&P 500.

Having gone into service on Friday December 12 this year, the ETF is now operational under the name of S&P 500 UCITS ETF – EUR Hedged, and comes under the classification of equities, although hedged via a currency element.

The Source S&P 500 UCITS ETF – EUR Hedged gives investors access to the performance of the 500 largest stock corporations on the American market and also enables them to benefit from daily hedging against exchange-rate risks between the euro and the US dollar.

The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,044 exchange traded funds. This selection, together with an average monthly trading volume of around €11 billion, makes Xetra Europe’s leading trading venue for ETFs.

According to Deutsche Borse Group, trading will be offered by using the S&P 500 EUR Hedged Net Total Return Index benchmark, and will be executed via the XTF segment on Xetra which is a worldwide electronic trading platform for securities, based in Frankfurt which provides central access to all cash market services concerning listing, trading and clearing.

For the full announcement from Deutsche Borse, click here.

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