iShares launches synthetic S&P 500 ETF

Swap-backed ETF

A synthetic S&P 500 ETF has been launched by iShares, offering investors access to the US index via a swap-backed product.

The iShares S&P 500 Swap UCITS ETF is available to investors on Euronext today and London Stock Exchange and Xetra as of 29 September for a total expense ratio of 0.07%. BlackRock unveils suite of ESG multi-asset ETFs This expands the range of S&P 500 ETFs on offer for investors, which includes the $37bn physically replicated iShares S&P 500 Core UCITS ETF. JP Morgan and Citi will act as the swap counterparties on the synthetic fund, the design of which offers investors an ETF which does not pay withholding tax on dividends. Ben Seager-Scott, head of multi-asset funds at Tilney ...