Legal & General (L&G) today announces the launch of its new L&G S&P 100 Equal Weight UCITS ETF.
By ETFWorld.co.uk
Giancarlo Sandrin, Deputy Head of Wholesale Distribution Europe at L&G
This fund aims to provide investors with equal-weighted exposure to the S&P 100. This index, a subset of the better-known S&P 500, comprises the 100 largest US blue-chip companies, active across diverse sectors.
This is the first ETF launched on European platforms enabling investors to take a position in the S&P 100 Equal Weighted Index Net Total Return. It presents itself as an alternative to the standard S&P 500, offering access to larger, financially robust assets that significantly contribute to the index, but with lower concentration risk.
Indeed, L&G’s purpose behind launching this product is twofold: to give its investors, including potential ones, the opportunity to access major US market stocks in a simple, liquid, and cost-efficient manner; and to do so via a product where each underlying asset, at every rebalancing phase, represents 1% of the total.
Giancarlo Sandrin, Deputy Head of Wholesale Distribution Europe at L&G, stated: “We have observed growing investor demand for equal-weighted index solutions. This ETF can provide a good balance between diversification and exposure to those large-cap stocks that have been the primary source of returns in recent years. The Italian market is one of the most important for L&G, and we will continue to commit to bringing other innovative ETFs to our clients in this country.”
Fiona Boal, Global Head of Equities at S&P Dow Jones Indices (S&P DJI), added: “We are excited about this collaboration with L&G for the launch of the L&G S&P 100 Equal Weight UCITS ETF, thereby expanding the range of index products available to European investors. Specifically, this index represents an alternative to the traditional market-cap weighting of assets in an ETF, enhancing diversification. This underscores our commitment to providing innovative and transparent benchmarks that meet investors’ evolving needs.”
Below is a table with some key information on the new ETF:
| Product Name | L&G S&P 100 Equal Weight UCITS ETF. |
| ISIN | IE000YELA4E3 |
| SEDOL | BTFGL79 |
| Issuer | Legal & General UCITS ETF Plc |
| Currency | GBX |
| Underlying | S&P 100 Equal Weighted Index Net Total Return |
| Management Fee | 0.19% |
| Product Name | L&G S&P 100 Equal Weight UCITS ETF. |
| ISIN | IE000YELA4E3 |
| SEDOL | BTFGL68 |
| Issuer | Legal & General UCITS ETF Plc |
| Currency | USD |
| Underlying | S&P 100 Equal Weighted Index Net Total Return |
| Management Fee | 0.19% |
Source: ETFWorld.co.uk
Subscribe to Our Newsletter
