Four new exchange-traded index funds issued by UBS ETFs and based on the MSCI USA and S&P 500 are now tradable in US dollars on Deutsche Börse’s XTF segment.
The news ETFs are: the UBS ETFs plc MSCI USA TRN Index (USD) I-acc; the UBS ETFs plc MSCI USA TRN Index (USD) A-acc; the UBS ETFs plc S&P 500 Index (USD) I-acc; and the UBS ETFs plc S&P 500 Index (USD)A-acc.
The MSCI USA Index tracks the performance of the developed equity markets in the USA based on total return with dividends reinvested. The index currently includes around 600 large and medium-sized US companies selected on the basis of free-float market capitalisation.
The S&P 500 Total Return Net Index is weighted according to free float market capitalisation and in turn tracks the performance of the 500 largest US stock corporations. All dividends and distributions are taken into account in the index calculation after any tax is deducted.
The UBS ETFs plc MSCI USA TRN Index (USD) I-acc and the UBS ETFs plc S&P 500 Index (USD) I-acc are primarily aimed at institutional investors.
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 775 exchange-listed index funds, making it the largest offering of all European stock exchanges. This selection, together with an average monthly trading volume of EUR13 billion, makes Xetra Europe’s leading trading venue for ETFs.
