(XMUS) Xtrackers MSCI USA Swap - Ratings and Ratios

Xtrackers MSCI USA Swap UCITS ETF 1C (SW:XMUS) is a Luxembourg-domiciled ETF designed to provide exposure to large- and mid-cap companies in the United States. It tracks the Morningstar US Large-Mid NR USD Index, which includes a broad range of sectors and offers diversification across the US equity market. This ETF is structured as a swap-based product, meaning it uses derivatives to replicate index performance, which can be attractive for investors seeking efficient exposure without direct stock holdings.

With an AUM of $5.073 billion, this fund is sizable and liquid, making it a viable option for institutional and retail investors alike. The ETF is listed on the Swiss exchange under the ticker XMUS, catering to European investors who want US market exposure. Its classification under the US Large-Cap Blend Equity category indicates a focus on a mix of growth and value stocks, aiming to capture the broader market performance.

Investors should note that this ETF’s swap-based structure introduces counterparty risk, as it relies on financial institutions to honor the derivative contracts. Additionally, the fund’s performance may differ slightly from the underlying index due to factors like swap costs and tracking error. For fund managers and investors, understanding the implications of the swap-based approach is crucial, as it can impact both returns and risk profiles.