New UBS ETF on Xetra: Bonds of international development banks with currency hedging
New UBS ETF on Xetra: Bonds of international development banks with currency hedging
Since Thursday, a new Exchange Traded Fund from UBS Global Asset Management has been tradable via Xetra and Börse Frankfurt.
The UBS ETF - Sustainable Development Bank Bonds UCITS ETF allows investors to participate in the performance of US dollar-denominated bonds issued by multilateral development banks. These are internationally active institutions that enable the financing of sustainable projects with a positive social and environmental impact in developing countries. Bonds issued by individual issuers are limited to 25 per cent in the ETF to ensure a diversified index composition.
The ETF is tradable as a reinvesting asset class that hedges the currency risk to the euro.
Name | Asset class | ISIN | Ongoing charges | Distribution policy | Reference index |
UBS ETF – Sustainable Development Bank Bonds UCITS ETF (hedged to EUR) | Bond ETF | LU1852211991 | 0.23 per cent | Accumulating | Solactive UBS Global Multilateral Development Bank Bond USD 25% Issuer Capped Index |
The product range in Deutsche Börse's XTF segment currently comprises a total of 1,432 ETFs. With this selection and an average monthly trading volume of around 12 billion euros, Xetra is the leading trading platform for ETFs in Europe.