SPDR MSCI Europe Materials UCITS ETF
ISIN IE00BKWQ0L68 Rating ★★★★★
Replication
physical
Earnings
accumulating
Asset class
Equity
Region
Europe
Sector
Materials
TER
0.18 %
TD
-0.02 %
Currency
EUR
Fund size
421 Mio EUR
Perf. 2023
12.60 %
"SPDR MSCI Europe Materials UCITS ETF" is an exchange-traded investment fund (ETF). It refers to the MSCI Europe Materials Capped 35/20 Index. This index reflects the development of only 39 European stocks and is therefore not very well diversified. The ETF replicates its index using full physical replication, so it contains all the securities of its reference index. The ETF's earnings (dividends) are automatically reinvested (accumulated). The fund company SPDR claims a total expense ratio (TER) of 0.18% per year. The yearly average divergence from the index performance (Tracking Difference) since 2015 was -0.02% per year. Therefore, the ETF was less expensive than the TER suggests and even exceeded the index performance.