UBS Global Asset Management has listed a new exchange-traded fund on the London Stock Exchange – The UBS-ETF MSCI World (USD) share class “A” – offering investors efficient exposure to global developed equity markets tracking a widely diversified underlying index.
The UBS-ETF MSCI World (USD) “A” provides investors the opportunity to invest in key companies operating across an extensive variety of sectors and countries via physical replication.
The underlying index, the MSCI World, covers over 1,600 leading large and mid-cap companies from 24 industrialised economies. The index captures approximately 84 per cent of the free float-adjusted market capitalisation in each country. The ETF is domiciled in Luxembourg.
Andrew Walsh, head of UBS ETFs UK, says: “The UBS-ETF MSCI World (USD) “A” holds 1,581 stocks of the 1,605 included in the index. Thus, the ETF delivers virtually full replication despite the extensive number of constituents in the underlying MSCI World index. This helps to ensure that the ETF delivers minimal tracking error vs. its benchmark. The ETF allows investors looking to benefit from movements in global equity markets a UCITS-IV compliant investment in a single transaction.”
The underlying fund currency of the newly listed UBS-ETF MSCI World “A” is USD and is now traded on the London Stock Exchange in GBP.