The first hedge fund ETF issued by UBS ETFs plc along with two new equity index funds issued by UBS ETF SICAV have been tradable in Deutsche Brse’s XTF segment since Friday.
ETF name: UBS ETFs plc – HFRX Global Hedge Index SFAsset class: equity index ETFISIN: IE00B52TX001Management fee: 0.60 percentDistribution policy: non-distributingBenchmark: HFRX Global Hedge Fund Index
The composition of the underlying index represents the entire hedge fund universe, comprising all available hedge fund strategies, including convertible arbitrage (exploiting differences in valuation between convertible bonds and equities), distressed securities (investing in companies in financial or operational difficulty), and equity hedge (simultaneously buying undervalued equities and selling overvalued equities). The different strategies are weighted to reflect the distribution of assets in the hedge fund sector.
ETF name: UBS-ETF MSCI Emerging Markets AAsset class: equity index ETFISIN: LU0480132876Management fee: 0.65 percentDistribution policy: distributingBenchmark: MSCI Emerging Markets
ETF name: UBS-ETF MSCI Emerging Markets IAsset class: equity index ETFISIN: LU0480133098Management fee: 0.40 percentDistribution policy: distributingBenchmark: MSCI Emerging Markets
These two ETFs allow investors to participate in the performance of the MSCI Emerging Markets Index. The index currently includes companies from emerging market countries Brazil, Chile, China, Columbia, the Czech Republic, Egypt, Hungary, India, Indonesia, Korea, Malaysia, Morocco, Mexico, Peru, the Philippines, Poland, Russia, South Africa, Taiwan, Thailand and Turkey. The index tracks approximately 85 percent of market capitalization in this total market. The UBS-ETF MSCI Emerging Markets I is aimed primarily at institutional investors.
The product offering in Deutsche Brse’s XTF segment currently contains a total of 756 exchange-traded index funds, making it the largest offering of all European stock exchanges. This selection, together with an average monthly trading volume of €13 billion, makes Xetra Europe’s leading trading venue for ETFs.
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