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State Street Global Advisors launches ETFs on Japanese market

Two new SPDR index funds tradable via Xetra and Börse Frankfurt..


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Two new exchange-listed equity index funds issued by SPDR (State Street Global Advisors) have been tradable on Xetra and Börse Frankfurt since Tuesday.

Name: SPDR MSCI Japan UCITS ETF
Asset class: equity index ETF
ISIN: IE00BZ0G8B96
Ongoing charges: 0.30 percent
Distribution policy: accumulating
Benchmark: MSCI Japan Index

Name: SPDR MSCI Japan EUR Hdg UCITS ETF
Asset class: equity index ETF
ISIN: IE00BZ0G8C04
Ongoing charges: 0.35 percent
Distribution policy: accumulating
Benchmark: MSCI Japan 100% Hedged to EUR Index

The new SPDR MSCI Japan UCITS ETF offers investors access to the performance of Japanese stock corporations in the MSCI Japan Index.

The reference index contains 316 Japanese large-cap and mid-cap companies and thus covers around 85 percent of the free float market capitalisation. The SPDR MSCI Japan EUR Hdg UCITS ETF is another option enabling investors to participate in the performance of the index while remaining hedged against currency risk. The index fund helps to hedge against fluctuation of the Japanese yen against the euro.

The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,111 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.

 

Source: ETFWorld.co.uk

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