Deutsche Börse AG has announced that a new UBS Global Asset Management equity index ETF on S&P 500 has been tradable via Xetra and Börse Frankfurt since Tuesday.
ETF name: UBS (Irl) ETF plc – S&P 500 UCITS ETF (hedged to EUR) A-acc
Asset class: equity index ETF
Ongoing charges: 0.22 percent
Distribution policy: accumulating
Benchmark: S&P 500 EUR Hedged Index
The UBS (Irl) ETF plc – S&P 500 UCITS ETF (hedged to EUR) A-acc enables investors to participate in the performance of the top 500 US companies. Investors also benefit from the hedge against exchange rate fluctuations between the euro and the US dollar. The underlying reference index is weighted according to free float market capitalisation.
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,142 exchange traded funds. This selection, together with an average monthly trading volume of around €15 billion, makes Xetra Europe’s leading trading venue for ETFs.
Xetra® and XTF® are registered trademarks of Deutsche Börse AG.