New on Xetra: Equity ETF from UBS with access to the 500 largest US companies following an equal-weight approach
New on Xetra: Equity ETF from UBS with access to the 500 largest US companies following an equal-weight approach
Since Wednesday, a new exchange-traded fund issued by UBS Asset Management has been tradable on Xetra and Börse Frankfurt.
The UBS ETF (IE) S&P 500 Equal Weight UCITS ETF tracks the performance of the S&P 500 Equal Weight Index. The benchmark index consists of the 500 largest U.S. companies by market capitalisation from the major sectors of the U.S. economy. Each company is weighted equally at the time of the quarterly rebalancing, which means that smaller companies have the same impact on the performance of the ETF as larger ones.
The fund invests in derivative financial instruments to track the performance of the reference index.
Name | Asset class | ISIN | Ongoing charges | Distribution policy | Underlying Index |
UBS ETF (IE) S&P 500 Equal Weight SF UCITS ETF (USD) A-acc | Equity ETF | 0.12 per cent | accumulating | S&P 500 Equal Weight Index |
The product offering in Deutsche Börse's XTF segment currently comprises a total of 2,368 ETFs. With this selection and an average monthly trading volume of around €18 billion, Xetra is the leading trading venue for ETFs in Europe.