Credit Suisse releases S&P 500 ETF on Xetra

The fund, which is non-distributing, has been tradable in US dollars on the XTF segment of the Deutsche Boerse. The underlying index comprises the 500 largest US stock corporations and is weighted according to free float market capitalisation. Credit Suisse unveiled its S&P 500 ETF on the SIX Swiss Exchange on 19 May. Providers have been able to launch ETFs tracking the S&P 500 since the exclusive agreement between Standard & Poor's and iShares ended on 17 May. The agreement meant iShares was the sole issuer with the right to use the S&P 500 to underlie its ETFs. The XTF trading...