New iShares ETF on Xetra provides access to 500 largest US companies

Blackrock has launched the iShares S&P 500 Swap UCITS ETF USD (Acc) on Xetra and Börse Frankfurt.

The new fund provides investors with access to the 500 largest listed US companies. The S&P 500 index represents the most important sectors and is considered an indicator for the development of the entire US stock market.

The fund is an accumulating, swap-based share class with an annual cost of 0.07 per cent.