DWS Xtrackers : A new ETF on London Stock Exhange: access to 500 largest US companies with currency hedging
A new exchange-traded fund issued by Xtrackers has been tradable on London Stock Exchange
Xtrackers S&P 500 Swap UCITS ETF is passively managed. The aim is for your investment to reflect the performance of the S&P 500 Index which is designed to reflect the performance of shares of 500 companies representing all major US industries, while seeking to minimise foreign currency fluctuations at share class level.
The index contains shares of large companies traded on certain eligible US exchanges.
A company’s weighting in the index depends on its relative size based on the combined value of a company’s readily available shares as compared to other companies on the stock markets. The index is administered by Standard & Poor’s.
The index is calculated on a total return net basis which means that all dividends and distributions by the companies are reinvested in the shares after tax.
To achieve the aim, the fund will i) invest in transferable securities and enter into financial contracts (derivatives) with one or more swap counterparties relating to transferable securities and the index, in order to obtain the return on the index, and ii) enter into financial contracts (derivatives) which attempt to reduce the effect of exchange rate fluctuations between the currency of the index components and the currency of your shares.
The fund may employ techniques and instruments in order to manage risk, reduce costs and improve results. These techniques and instruments may include the use of financial contracts (derivatives).
The currency of the fund is USD.
Returns and gains are not distributed but are reinvested in the fund.
|Name||Xtrackers S&P 500 Swap UCITS ETF|
|On-going charges||0.20 per cent|
|Reference index||S&P 500 Index|