ETF tracks the performance of the 500 largest public US companies......
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A new exchange traded fund issued by UBS Global Asset Management has been tradable on Xetra and Börse Frankfurt since Monday.
The new ETF offers investors the opportunity to participate in the performance of the 500 largest exchange-listed US companies. The S&P 500 Index represents the most important US sectors and is calculated in US dollars, but this unit class hedges the exchange rate risk between the euro and the US dollar. The companies included in the index are weighted according to their market capitalisation.
Name: UBS (Irl) ETF plc - S&P 500 UCITS ETF (hedged to EUR) A-dis
Asset class: equity index ETF
Ongoing charges p.a.: 0.22 percent
Distribution policy: distributing
Reference index: S&P 500 EUR Hedged (Net Return)