A new equity index fund from the ETF offering issued by Source has been available on Xetra and the Börse Frankfurt venue since Monday. The ETF tracks the performance of the S&P 500 Index using a selection of companies comprised in it….
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Name: Source S&P 500 UCITS ETF
Asset class: equity ETF
Total expense ratio: 0.05 percent
Distribution policy: accumulating
Benchmark: S&P 500 Index
The Source S&P 500 UCITS ETF enables investors to participate in the performance of companies that belong to the US equity market’s large-cap segment. The S&P 500 reference index comprises companies that have a market capitalisation of more than USD 5 billion and that are listed on NYSE or Nasdaq.
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,096 exchange traded funds. This selection, together with an average monthly trading volume of around €16 billion, makes Xetra Europe’s leading trading venue for ETFs.