iShares lists two ETFs on the London Stock Exchange

iShares: Two new exchange traded funds issued by iShares has been tradable on the LSE

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iShares S&P 500 Equal Weight UCITS ETF

The Share Class is a share class of a Fund which aims to achieve a return on your investment, through a combination of capital growth and income on the Fund’s assets, which reflects the return of the S&P 500 Equal Weight Index, the Fund’s benchmark index.

The Share Class, via the Fund is passively managed, and aims to invest so far as possible and practicable in the equity securities (e.g. shares) that make up the Index.

The Index measures the performance of securities within the S&P 500 Index with each security being equally weighted within the Index. The Index includes all constituents of the Parent Index but, at each rebalance date, all constituents are weighted equally. This means that, at each index rebalance, the Index will have a larger weighting in the smaller market capitalisation securities compared to its Parent Index. Between index rebalances, index constituent weightings will fluctuate due to price performance.

The Parent Index measures the performance of 500 stocks from top US companies in leading industries of the US economy which comply with S&P’s size, liquidity and free-float criteria.

iShares S&P 500 Equal Weight UCITS ETF

Provides exposure to 500 stocks from top US companies in leading industries of the US economy [UP2]

The Index measures the performance of securities within the S&P 500 Index (Parent Index) with each security being equally weighted within the Index at the rebalance date

Exposure to companies in the S&P 500 with a greater weighting in the smaller market capitalization companies

INVESTMENT OBJECTIVE

The fund aims to achieve a return on investment, through capital and income returns on its assets,

Source: ETFWorld.co.uk