An additional db x-trackers index fund from Deutsche Bank’s ETF offering has been tradable on Xetra since Thursday 20 January. The db x-trackers S&P 500 (EUR) ETF enables investors, for the first time, to invest in the performance of the S&P 500 Total Return Net Index while being hedged against exchange rate fluctuations between the euro and the US dollar.
The S&P 500 Total Return Net Index is weighted according to free float market capitalisation and tracks the performance of the 500 largest US stock corporations. The index calculation takes all dividends and distributions into account after any tax deductions.
The product offering in Deutsche Börse’s XTF segment currently contains a total of 764 exchange-listed index funds, making it the largest offering of all European stock exchanges. This selection, together with an average monthly trading volume of around 13 billion euros, makes Xetra Europe’s leading trading venue for ETFs.