EasyETF is launching an exchange-traded fund on the S&P 500 listed on NYSE Euronext in Paris.

EasyETF S&P 100 will change its underlying index and become EasyETF S&P 500.

The tracker is capitalising on the recent opening of the S&P 500 licence to European ETF issuers and broadening its coverage of the North American equity market.

From now on, EasyETF S&P 500 will offer the opportunity to invest in the key index of the US equity market.

EasyETF S&P 500 is available in EUR and USD on the NYSE Euronext (Paris), Deutsche Boërse (Frankfurt), and Borsa Italiana (Milan). It is eligible for personal equity plans and conforms to the European Ucits III directive.

The S&P 500 index comprises equities of the 500 largest US companies, covering nearly 75 per cent of US equities.

“For this reason, it is an ideal gateway to the US market for European investors. The S&P 500 Index is regarded as the benchmark for the US equity market, as proven by the number of funds using it as their benchmark in the world: more than USD3.5trn AUM combined,” says Danièle Tohmé-Adet, head of ETF and indexed funds development at EasyETF.

“We are delighted by the recent opening of the S&P 500 licence to European ETF issuers, which gives investors the opportunity to participate in the evolution of US securities throughout a well-renowned index,” adds Scott Ebner, senior vice president, global exchange-traded products at NYSE Euronext. “The offer of ETFs listed on the NYSE Euronext in Paris facilitates access to an ever more diversified range of securities, asset classes, and strategies.”

The market maker on EasyETF S&P 500 is BNP Paribas.