SSGA lists distributing share class of FTSE UK All-Share ETF onto SIX

Jul 27th, 2018 | By | Category: Equities

State Street Global Advisors has listed a distributing share class of its SPDR FTSE UK All-Share UCITS ETF onto Zurich’s SIX Swiss Exchange.

SSGA lists distributing share class of SPDR FTSE UK All-Shares ETF onto SIX Swiss Exchange

SSGA has listed a distributing share class of its SPDR FTSE UK All-Shares ETF onto SIX Swiss Exchange.

The new share class trades in Swiss francs under the ticker FTAD SW.

The fund was originally launched in February 2012 as an accumulating class of share.

The distributing class debuted in May 2018 on Deutsche Börse (ZPRD GY) and on London Stock Exchange (FTAD LN) shortly thereafter.

The fund has a total expense ratio of 20bps and assets under management of £525 million.

It tracks the FTSE All-Share Index, providing broad-market access to the UK stock market.

The index is composed of the stocks listed on the London Stock Exchange that are part of the FTSE 100, FTSE 250 and FTSE Small Cap investment universes. This universe accounts for around 98% of the market capitalisation of the UK market.

As of the end of June 2018, the index contained 640 constituents. Financials dominate the sector weighting with over a quarter (27.7%) of the total exposure, followed by oil & gas (14.2%), consumer goods (13.8%), consumer services (11.8%) and industrials (11.4%).

The top ten holdings represent over a third (35.3%) of the total weight. The top three holdings are HSBC (5.8%), Royal Dutch Shell A (4.9%) and BP (4.6%).

UK stocks currently pay a healthy dividend – the yield on the FTSE All-Share is 3.64% – meaning the distributing share class will likely appeal to investment managers building income-focused portfolios.

Tags: , , , , , , ,

Leave a Comment