A new ETF from UBS, the S&P 500 UCITS ETF with currency hedge has been launched by UBS Global Asset Management and is tradable on Xetra and Börse Frankfurt.
The firm writes that the new ETF offers investors the opportunity to participate in the performance of the 500 largest exchange-listed US companies. The S&P 500 Index represents the most important US sectors and is calculated in US dollars, but this unit class hedges the exchange rate risk between the euro and the US dollar. The companies included in the index are weighted according to their market capitalisation.
Ongoing charges per annum stand at 0.22 per cent and the distribution policy is distributing.