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A new exchange-listed equity index fund issued by SPDR (State Street Global Advisors) has been tradable on Xetra® since Monday.
ETF name: SPDR MSCI EMU UCITS ETF
Asset class: equity index ETF
ISIN: IE00B910VR50
Total expense ratio: 0.30 percent
Distribution policy: non-distributing
Benchmark: MSCI EMU Index
The SPDR MSCI EMU UCITS ETF aims to track the performance of large and medium-sized companies on developed equity markets in the European Monetary Union (EMU). The reference index currently comprises 244 companies, representing a total of 85% of the market capitalisation in the euro zone.
The index covers companies from the following 11 industrialised countries: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, the Netherlands, Portugal and Spain. The index is calculated in euros and the equities included are weighted according to free-float market capitalisation.
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,021 exchange-listed index funds, making it the largest offering of all European stock exchanges. This selection, together with an average monthly trading volume of €11 billion, makes Xetra Europe’s leading trading venue for ETFs.
