10X S&P 500 ETF (CSP500)

Overview

CoreShares Global Investments PCC - CoreShares S&P 500 Exchange Traded Fund is an innovative financial product designed to offer investors broad exposure to the US equity market. Managed by CoreShares ETF Managers Ltd., this exchange-traded fund (ETF) is primarily focused on replicating the performance of the S&P 500 Index, a benchmark representing the stock performance of 500 large companies listed on stock exchanges in the United States. Launched on May 9, 2016, and based in Mauritius, the fund aims at providing a diversified investment in the stocks of large-cap companies with a market capitalization of US$ 5.3 billion or higher. By investing both directly and indirectly through Vanguard ETFs, it encompasses a wide range of sectors, thereby offering an attractive option for global investors seeking exposure to the US market.

Products and Services

• CoreShares S&P 500 Exchange Traded Fund: This product is designed to closely follow the returns of the S&P 500 Index, which includes 500 of the largest companies in the U.S. equity markets. By mirroring the composition and weightings of the index, the ETF allows investors to effectively diversify their investment across multiple sectors within the U.S. economy. Investing in this ETF means gaining exposure to a broad array of large-cap companies, making it an ideal instrument for those looking to invest in the U.S. market with a single transaction.

• Investment in Diversified Sectors: CoreShares Global Investments PCC offers investors a well-diversified portfolio by investing in companies across various sectors of the economy. This diversification helps in spreading the risk, as the performance of the fund is not reliant on the success of any single industry or sector. The sectors include, but are not limited to, technology, healthcare, financials, and consumer discretionary, reflecting the broad spectrum of the U.S. economy.

• Large-Cap Focus: The emphasis on large-cap companies, those with market capitalizations of US$ 5.3 billion or higher, is a defining feature of this ETF. Large-cap stocks are often considered to be more stable and less volatile than small-cap stocks, making them an attractive option for investors seeking steady growth and less susceptibility to market fluctuations. This focus aligns with the fund’s objective of replicating the S&P 500 Index, which is predominantly composed of large-cap entities.

• Indirect Investment through Vanguard ETFs: In addition to direct investments in stocks, CoreShares Global Investments PCC diversifies its approach by investing through Vanguard ETFs. This strategy provides further diversification and exposure to the U.S. equity market. Vanguard is known for its low-cost ETFs, and its funds are widely regarded as efficient vehicles for tracking market indices. This method enhances the fund's ability to mimic the S&P 500 Index accurately and cost-effectively.