Deutsche delivers S&P 500 Index ETF in Europe and Asia

The fund is Ucits III compliant and tracks the S&P 500 index, comprising the 500 leading companies in the US. The underlying benchmark is a total return version of the S&P 500, meaning dividends will be reinvested and included in the performance of the ETF. Institutional investors can trade the ETF directly with Deutsche Bank on an over-the-counter basis at present, before the listings occur from mid-May. Head of db x-trackers UK Manooj Mistry says: "With this product we are giving investors outside the US an efficient and low-cost access to the S&P 500 index." He adds the lates...