A new exchange-listed equity index fund issued by SPDR (State Street Global Advisors) has been tradable on Xetra since Thursday.
ETF name: SPDR S&P 500 Low Volatility ETF
Asset class: equity index ETF
ISIN: IE00B802KR88
Total expense ratio: 0.35 percent
Distribution policy: non-distributing
Benchmark: S&P 500 Low Volatility Index
The SPDR S&P 500 Low Volatility ETF enables investors to participate for the first time in the performance of 100 companies in the S&P 500 index with the lowest volatility.
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 is calculated on the basis of the reinvestment of dividends and distributions after the deduction of any tax.
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,004 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 €12 billion, makes Xetra Europe’s leading trading venue for ETFs.
