New equity ETF from UBS on Xetra: access to companies in developed markets worldwide with currency hedging
New equity ETF from UBS on Xetra: access to companies in developed markets worldwide with currency hedging
A new exchange-traded fund issued by UBS Asset Management has been tradable on Xetra and Börse Frankfurt since Friday.
The UBS ETF (IE) MSCI World UCITS ETF (hedged to EUR) offers investors access to the performance of a broadly diversified portfolio of 1,465 companies from 23 developed markets worldwide. Currency fluctuations against the euro are hedged in this share class.
The benchmark index, MSCI World, reflects around 85 per cent of the global market capitalisation of developed markets. US companies are the most strongly represented at 71 per cent, followed by Japan at 6 per cent and the United Kingdom at 4 per cent. The most represented sectors include IT, finance and healthcare
Name | Asset class | ISIN | Ongoing charges | Distribution policy | Reference index |
UBS ETF (IE) MSCI World UCITS ETF (hedged to EUR) A-acc | Equity ETF | 0.13 per cent | accumulating | MSCI World Index hedged to EUR (Net Return) |
The product offering in Deutsche Börse's XTF segment currently comprises a total of 2,158 ETFs. With this selection and an average monthly trading volume of around €14 billion, Xetra is the leading trading venue for ETFs in Europe.