Overview
Description
The iShares Core S&P 500 GBP-H Dividend Mutual Fund is a type of mutual fund designed to track the performance of the S&P 500 Index while mitigating currency risk for British investors. The fund achieves this by investing in the S&P 500 companies but is hedged against the British pound, ensuring that the exchange rate fluctuations do not affect the returns for UK-based investors. This makes it particularly attractive for those seeking exposure to the U.S. equity market without taking on additional currency risk.
Comprising the largest U.S. companies by market capitalization, the fund covers a broad array of industries such as technology, healthcare, finance, and consumer goods, providing a diversified exposure. The fund is a cornerstone for those looking for a balanced exposure to the economic performance of the United States. It is highly regarded for its role in long-term investment strategies, offering a stable vehicle for capital appreciation and dividend income. Its significance in the market is underscored by its ability to seamlessly integrate international diversification with localized currency protection, appealing to investors with sterling liabilities.
About
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Website
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Instrument type
ETF
Country
United Kingdom
MIC code
XLON