ETF provides access to European real estate sector ex UK……
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A new exchange-listed sector index fund issued by SPDR (State Street Global Advisors) has been tradable on Xetra and Börse Frankfurt since Tuesday.
Name: SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF
Asset class: equity index ETF
Ongoing charges: 0.30 percent
Distribution policy: accumulating
Benchmark: FTSE EPRA/NAREIT Developed Europe ex UK Index
The new ETF “SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF” offers investors access to the performance of European real estate excluding the UK. The fund invests directly in the securities included in the reference index “FTSE EPRA/NAREIT Developed Europe ex UK Index”.
The Index is designed to track the performance of listed real estate companies and equity real estate investment trusts (“REITS”) operating in Europe but excluding the UK. Relevant activities are defined as the ownership, disposal and development of income-producing real estate.