Recon Capital Partners, LLC begun trading the Recon Capital FTSE 100 ETF (NASDAQ: UK) on Wednesday, April 29, 2015.
Here is a synopsis of the new ETF:
|Symbol: UK||Exchange: NASDAQ|
|Name: Recon Capital FTSE 100 ETF||Net Expense Ratio: 0.45%|
The Recon Capital FTSE 100 ETF seeks to provide investment results that will closely correspond, before fees and expenses, to the price and yield performance of the FTSE 100 Index.
The Fund will invest at least 80% of its total assets in the common stock of companies included in its benchmark index.
The FTSE 100 Index is a free-float adjusted, market capitalization-weighted index, consisting of the common stock of the 100 companies listed on the London Stock Exchange with the highest market capitalization. As of January 31, 2015, the Index included 102 companies with a market capitalization range of between approximately $174.64 billion and $2.29 billion and an average market capitalization of $25.26 billion.
Index Top Components (03/31/15):
|Royal Dutch Shell A||4.55%|
|British American Tobacco||3.78%|
|Royal Dutch Shell B||2.99%|
Index Sector Weightings (03/31/15):
|Oil & Gas||11.88%|
|Pers. & Home Goods||9.42%|
|Industrial Goods & Serv||9.21%|
UK Home Page
UK is the only U.S. listed ETF that uses the FTSE 100 as its benchmark.
DELISTED – MARCH 2016