Trading under the ticker UK, the Recon Capital FTSE 100 ETF will seek to provide country-specific exposure to dominant European market
GREENWICH, Conn., Apr 29, 2015 (BUSINESS WIRE) — Recon Capital, the issuer behind the Recon Capital Nasdaq 100 Covered Call ETF and the Recon Capital DAX Germany ETF, has expanded its suite of products with the launch of the Recon Capital FTSE 100 ETF, the only U.S.-listed ETF benchmarked to the FTSE 100. The fund is slated to be available for trading on April 29, 2015.
Coming on the heels of the FTSE 100’s 30th anniversary, the Recon Capital FTSE 100 ETF UK, -0.36% is designed to give U.S. investors direct access to the most well-capitalized companies listed on the London Stock Exchange. The index consists of innovative and established companies in each of their respective sectors, including GlaxoSmithKline, Barclays, HSBC, Burberry and Rolls-Royce, as of March 31, 2015.
“With the arrival of the Recon Capital FTSE 100 ETF, investors now have an expanded ability to trade ETFs benchmarked to Britain’s flagship index. Investors around the world now have the opportunity to trade the FTSE 100 and its constituents in the U.S., alongside similar products already listed in Europe and Asia,” says Recon Capital Partners Managing Partner Kevin Kelly. “This ETF continues our firm’s objective to provide U.S. investors with exposure to benchmark indices that are aligned with the strong economies in Europe and joins its sister product, the Recon Capital DAX Germany ETF (DAX). By utilizing UK and DAX, American investors can tap into the strongest economies in Europe and the underlying blue chip companies domiciled in Britain and in Germany.”
Recon Capital partnered with FTSE and the London Stock Exchange to license its flagship index. The ETF will have an initial expense ratio of 45 bps.
Mark Makepeace, London Stock Exchange Group Director of Information Services & Chief Executive of FTSE Group, says, “Our ETF licensing business continues to expand across North America and this new product launch represents a great example of working across borders to create new opportunities. We are delighted that ETFs linked to the FTSE 100 Index can now trade continuously, and very pleased to work with Recon Capital Partners to help bring this to market.”
For more information about UK, please visit http://reconfunds.com/UK. Its sister products are the Recon Capital DAX Germany ETF DAX, +1.22% , the only U.S.-listed ETF that is benchmarked to DAX Index and the Recon Capital Nasdaq 100 Covered Call ETF QYLD, +0.42% , which seeks to track the CBOE Nasdaq 100 BuyWrite Index (BXN) and was created as a fixed income alternative for retail investors and financial advisors.
About Recon Capital
Recon Capital Advisors, a wholly owned subsidiary of Recon Capital Partners, LLC, is an SEC Registered Investment Adviser headquartered in Greenwich, CT that focuses on bringing innovative, efficient, and niche products to the exchange traded fund universe. Recon’s funds are for institutional investors, financial professionals, and individual investors that need liquid, transparent, and cost effective strategies.
Recon Capital uses its investment expertise and operational infrastructures to deliver market-driven, value-added products that meet the evolving needs of global investors. Please visit ReconCapitalPartners.com for more information.
Shares are bought and sold at market price (not NAV), are not individually redeemable, and owners of the Shares may acquire those Shares from the Funds and tender those Shares for redemption to the Funds in Creation Unit aggregations only, consisting of 50,000 Shares.
You should consider the fund’s investment objectives, risks, and charges and expenses carefully before investing. Contact Recon Capital Advisors at 1-844-RC-FUNDS/1-844-723-8637 or visit www.ReconFunds.com to obtain a prospectus or summary prospectus which contains this and other information about the fund. The prospectus or summary prospectus should be read carefully before investing.
International investing involves risks, including risks related to foreign currency, limited liquidity, less government regulation and the possibility of substantial volatility due to adverse political, economic or other developments. These risks often are heightened for investments in emerging/developing markets or in concentrations of single countries. The Fund is considered non-diversified and may be subject to greater risks than a diversified fund.
The Funds are distributed by Foreside Fund Services, LLC, which is not affiliated with Recon Capital Advisors, LLC or any of its affiliates.
SOURCE: Recon Capital
Gregory FCA for Recon Capital
Joe Anthony, 610-228-2095
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