S&P 500 ETF launched

The new S&P 500 ETF launched by Source gives investors access to the US equities market by tracking the S&P 500 total return index. 

The fund is UCITS III compliant and is domiciled in Ireland. It is listed on the London Stock Exchange and trades in dollars.It has a 0.2 per cent management fee.

Ted Hood chief executive of Source says, “We are delighted to add the S&P 500 Source ETF to our range of products providing exposure to the US equity market. The S&P 500 index is an important benchmark and a good compliment to our growing suite of US exposure which includes the S&P US Select Sectors, MSCI USA and the Russell 2000.”