Real Estate conglomerate L&G introduces the S&P 100 large-cap equity fund ETF
In the world of investment, asset manager Legg Mason (L&G) has made a significant move by launching the L&G S&P 100 UCITS ETF. This new fund aims to offer investors simple, transparent, and cost-effective exposure to the core of the US stock market.
The L&G S&P 100 UCITS ETF tracks the S&P 100 NTR Index, a benchmark that measures the performance of 100 companies from the S&P 500. These companies are typically the biggest names in the S&P 500, representing roughly two-thirds of the index by market capitalization. The largest companies in the L&G S&P 100 UCITS ETF portfolio include global market leaders such as Apple, Microsoft, Amazon, Alphabet, and JPMorgan Chase.
David Barron, global head of index & ETFs at L&G, commented that US mega caps have historically benefitted from stable earnings, strong balance sheets, and durable business models. He further mentioned that the new ETF complements the recently launched L&G S&P100 Equal Weight ETF, providing investors with a choice of accessing high-quality US mega caps based on individual factors such as risk tolerance, diversification, and views on the stock market today.
Fiona Boal, global head of equities at S&P Dow Jones Indices, expressed her pleasure about the continued collaboration with L&G on the index licensed for their L&G S&P 100 UCITS ETF. The collaboration aims to further expand access to US equity benchmarks in Europe.
Janus Henderson has also joined the fray with the launch of the USD AAA CLO Ucits ETF, but this fund focuses on Collateralized Loan Obligations (CLOs) rather than US equities.
The S&P 100 Index, which the L&G S&P 100 UCITS ETF tracks, reflects the performance of businesses with strong fundamentals. It is worth noting that the constituents of the S&P 100 NTR Index are typically the biggest names in the S&P 500 that also have listed options.
With the launch of the L&G S&P 100 UCITS ETF, investors now have another option to gain exposure to some of the largest and most liquid companies in the US stock market. The new ETF, like its counterpart the L&G S&P100 Equal Weight ETF, promises to deliver on L&G's commitment to providing cost-effective and transparent investment solutions.
