The first hedge fund exchange-traded fund issued by UBS ETFs, along with two equity index funds issued by UBS ETF Sicav, has begun trading in Deutsche Börse’s XTF segment.
The UBS ETFs plc – HFRX Global Hedge Index SF tracks the 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.
The UBS-ETF MSCI Emerging Markets A and UBS-ETF MSCI Emerging Markets I 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 per cent of market capitalisation in this total market. The UBS-ETF MSCI Emerging Markets I is aimed primarily at institutional investors.
