L&G expands its core ETF range with the launch of a new ETF on the S&P 100 Index

Legal & General (L&G) today announces the launch of its new L&G S&P 100 UCITS ETF on the London Stock Exchange

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By ETFWorld.co.uk

David Barron, Deputy Global Head of Index & ETFs at L&G

Its objective is to provide investors with the opportunity to invest in a basket containing the 100 largest US blue chips, also known as ‘mega-caps’, which together represent approximately two-thirds of the market capitalisation of the S&P 500 Index^].

The S&P 100 NTR Index tracks the performance of 100 companies within the better-known S&P 500. In general, the largest companies within the latter that have listed options are selected to be included in the index.

L&G launched this ETF to provide investors with simple, liquid and cost-efficient access to some of the largest listed companies in the US market.

David Barron, Deputy Global Head of Index & ETFs at L&G, said: “US mega-caps have historically benefited from stable earnings, strong balance sheets and reliable business models. This ETF is a complementary solution to the L&G S&P 100 Equal Weight ETF, and we are very pleased with this core addition to our range. By listing this index fund, our clients will not only benefit from access to US mega-caps, but will also be able to choose the solution that best suits them, depending on factors such as their risk appetite, the importance they place on diversification and their views on market trends.”

Fiona Boal, Global Head of Equities at S&P Dow Jones Indices (S&P DJI), added: “We are delighted to continue our collaboration with L&G on the index developed for the L&G S&P 100 UCITS ETF, which will further expand access to the US market for investors domiciled in Europe. Our index offers exposure to some of the largest and most liquid companies in the US market and reflects the performance of companies with strong fundamentals.”

Here is a table with some key information about the new ETF:

Source: ETFWorld.co.uk