A new exchange-traded fund issued by Invesco has been tradable on Xetra and Börse Frankfurt since Friday.
The Invesco S&P 500 Equal Weight Swap UCITS ETF synthetically tracks the performance of the S&P 500 Equal Weight Index by means of swaps (financial swaps).
The ETF offers investors exposure to the 500 largest companies in leading sectors of the US economy, which together cover around 80 per cent of the total market capitalisation. The individual securities are weighted equally at the time of the regular rebalancing.
| Name | Asset class | ISIN | Ongoing charges | Distribution policy | Reference index |
| Invesco S&P 500 Equal Weight Swap UCITS ETF | Equity ETF | IE0000TZZ2B2 | 0.20 per cent | Accumulating | S&P 500 Equal Weight Index |
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 2,335 ETFs. With this selection and an average monthly trading volume of around €18 billion, Xetra is the leading trading venue for ETFs in Europe.