SPDR ETF Since Friday lists one new exchange traded fund with two different classes from SPDR are tradable on London Stock Exchange….
By ETFWorld.co.uk
Investment Objective
The investment objective of the Fund is to track the performance of global developed market equities with a higher weighting applied to equities exhibiting low valuation characteristics.
Investment Policy
The Fund seeks to track the performance of the MSCI World Value Exposure Select Index (the “Index”) as closely as possible.
The Fund is an index tracking fund
The Fund invests primarily in securities included in the Index. These securities include stocks that exhibit relatively higher value exposure within the MSCI World Index (which captures large and mid-sized companies across developed markets globally) while also seeking to avoid poor quality companies. The Fund seeks to hold all the securities of the Index with the approximate weightings as in that Index. The Fund will use a replication strategy to create a near mirror-image of the Index. In limited circumstances the Fund may purchase securities that are not included in the Index.
The Fund may use financial derivative instruments (that is, financial contracts whose prices are dependent on one or more underlying assets) in order to manage the portfolio efficiently.
Save in exceptional circumstances, the Fund will generally only issue and redeem shares to certain institutional investors. However, shares of the Fund may be purchased or sold through brokers on one or more stock exchanges. The Fund trades on these stock exchanges at market prices which may fluctuate throughout the day. Market prices may be greater or less than the daily net asset value of the Fund.
The Fund does not currently engage in securities lending
Name : SPDR MSCI World Value UCITS ETF (Acc)
ISIN : IE00BJXRT813
Asset Class : Equity
Fund Ticker : VALW
Trading Currency : GBP
Total Expense Ratio : 0.25%
Distribution policy : Accumulating
Reference index : MSCI World Value Exposure Select Index
Name : SPDR MSCI World Value UCITS ETF (Acc)
ISIN : IE00BJXRT813
Asset Class : Equity
Fund Ticker : WVAL
Trading Currency : USD
Total Expense Ratio : 0.25%
Distribution policy : Accumulating
Reference index : MSCI World Value Exposure Select Index
Source: ETFWorld.co.uk
