SPDR ETFs quotes one new S&P 500 GBP Hdg UCITS ETF on the LSE

State Street Investment Management (SPDR ETFs) today has added one new SPDR® S&P® 500 GBP Hdg UCITS ETF (Dist) on the London Stock Exchange

Sign up for our weekly Newsletter and receive the latest ETF and ETC news. Click here to register for your free copy

By ETFWorld.co.uk

Matteo Andreetto Head of Intermediary Client Coverage

SPDR® S&P® 500 GBP Hdg UCITS ETF (Dist)

The objective of the Fund is to track the U.S. equity market performance of large cap equity securities.

Index Description

The S&P 500 GBP Dynamic Hedged Index represents a close estimation of the performance that can be achieved by hedging the currency exposure of its parent index, the S&P 500 Index, to GBP. The index is 100% hedged to GBP on a monthly basis, by selling USD forward at one-month forward rates. The S&P 500 GBP Dynamic Hedged Index includes a mechanism that aims to ensure that the index does not become over-hedged beyond 105%, or under-hedged below 95%, of the parent index currency exposure, whereby if either threshold is breached, an intra-month adjustment to the index is triggered to reset the hedge ratio to 100% after the close of the following business day.

Source: ETFWorld.co.uk