New equity ETF from UBS on Xetra: access to UK companies with currency hedging
New equity ETF from UBS on Xetra: access to UK companies with currency hedging
Since Friday, a new exchange-traded fund issued by UBS Asset Management has been tradable on Xetra and the trading venue Börse Frankfurt.
Since Friday, a new exchange-traded fund issued by UBS Asset Management has been tradable on Xetra and the trading venue Börse Frankfurt.
The UBS (LU) MSCI United Kingdom UCITS ETF (hedged to EUR) allows investors to invest in a portfolio of UK large- and mid-cap companies. The underlying benchmark index currently includes 83 companies from various industries, with consumer goods, financial services, energy, and healthcare being the most represented. The three largest companies are Shell, AstraZeneca and HSBC Holdings.
It is a currency-hedged share class, i.e. the currency risk against the euro is minimised.
Name | Asset class | ISIN | Ongoing charges | Distribution policy | Reference index |
UBS (LU) MSCI United Kingdom UCITS ETF (hedged to EUR) A-dis | Equity ETF | 0.30 per cent | distributing | MSCI United Kingdom 100% hedged to EUR Index |
The product offering in Deutsche Börse's XTF segment currently comprises a total of 2,124 ETFs. With this selection and an average monthly trading volume of around €16 billion, Xetra is the leading trading venue for ETFs in Europe.