State Street Global Advisors launches new currency-hedged ETF on Xetra

State Street Global Advisors has launched a new currency-hedged ETF on Xetra and the Börse Frankfurt venue.

The SPDR S&P 500 EUR Hdg UCITS ETF gives investors the opportunity to participate in the performance of the S&P 500 index, which comprises the 500 largest listed companies in the USA.
 
The ETF uses a hedging strategy to minimise the exchange rate risk between the US dollar and the Euro.