EasyETF unveils S&P 500 fund in Europe

The launch comes after the recent opening of the S&P 500 licence to European ETF issuers and widens the firm's coverage of the US stock market. This was previously limited to tracking the equities of the 100 largest US firms. The EasyETF S&P 500, which is Ucits III compliant, is available in euros and US dollars on the Paris-based NYSE Euronext, Deutsche Boerse, and Borsa Italiana. The S&P 500 index comprises equities of the 500 largest US companies, covering nearly 75% of US stocks. EasyETF head of ETF and indexed funds development Danièle Tohmé-Adet says: "For this reason, it ...