Three new exchange traded funds issued by UBS ETFs are now tradable in Deutsche Börse’s XTF segment.
The three newcomers – UBS ETFs plc HFRX Global Hedge Fund Index SF (EUR) A-acc; UBS ETFs plc HFRX Global Hedge Fund Index SF (USD) A-acc; and UBS ETFs plc HFRX Global Hedge Fund Index SF (USD) A-acc – enable investors to participate in the performance of 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 ETFs plc HFRX Global Hedge Fund Index SF – (USD) I-acc is aimed primarily at institutional investors.
The product offering in Deutsche Börse’s XTF segment currently contains a total of 763 exchange-listed index funds, making it the largest offering of all European stock exchanges. This selection, together with an average monthly trading volume of EUR13 billion, makes Xetra Europe’s leading trading venue for ETFs.