db x-trackers, Deutsche Bank’s exchange-traded fund platform, has launched the db x-trackers S&P 500 Index ETF.
The ETF is Ucits III compliant and tracks the S&P 500 Index, which represents the performance of the 500 leading companies of the US economy.
The ETF tracks a total return version of the S&P 500 Index, which means the performance of the ETF includes reinvested dividends.
The fund provides investors outside the US cost efficient exposure to one of the leading benchmarks of the US stock market.
The product continues to expand db x-trackers’ product portfolio and complements its existing S&P 500 products. db x-trackers is now offering long, short, 2x leveraged long and 2x leveraged short exposure to the S&P 500 Index to investors.
The db x-trackers S&P 500 ETF is currently listed on Xetra and the London Stock Exchange and will be listed on the following stock exchanges in the near future: Borsa Italiana, SIX Swiss Exchange, Nasdaq OMX Stockholm, NYSE Euronext Paris, Singapore Exchange SGX and Hong Kong Stock Exchange.