California-based asset manager has launched four Ucits ETFs designed to provide investors with targeted access to key sectors within the U.S. equity market: information technology, financials, consumer discretionary and communication services.
All four ETFs listed on the Deutsche Börse Xetra today and will be followed by Borsa Italiana and the London Stock Exchange (LSE) on 14 May. They will be registered for distribution in Austria, Denmark, Finland, France, Germany, Ireland (Country of Domicile), Italy, Luxembourg, Netherlands, Spain, Sweden and the United Kingdom.
Matthew Harrison, Head of EMEA and Americas (ex-US) said: “Investors are increasingly looking beyond broad market exposure toward more targeted allocation decisions.
“These sector ETFs provide precise, transparent and cost-efficient access to key areas of the U.S. equity market. The S&P 500 Capped 35/20 sector indices help manage concentration risk by applying clear limits to the largest constituents, supporting more deliberate portfolio construction and risk management.”
The new ETFs will be managed by Dina Ting, Head of Global Index Portfolio Management, Lorenzo Crosato, ETF Portfolio Manager, and Dave McGown, ETF Portfolio Manager, who have more than three decades of combined experience in the asset management industry.
