Bringing you live news and features since 2006 

UBS proposes GAT delisting and conversion to open ended tactical ETF fof


UBS Global Asset Management is proposing to delist the UBS Global Allocation Trust (GAT) from the Toronto Stock Exchange (TSX) and to convert the fund into an open ended, daily redeemable tactical ETF fund of funds.

A special meeting of GAT unitholders will be held on 8 January 2014 to approve the delisting and conversion along with the necessary changes to the fund’s investment guidelines.
Investors that remain in the fund after the conversion will receive exposure to each asset class via an exchange-traded fund.
Unitholders of record on 4 December 2013 will be entitled to receive notice of and vote at the meeting. 
Additional details regarding the proposed conversion will be outlined in an information circular that will be sent in December 2013. 

Latest News

ETP provider GraniteShares has announced it has surpassed USD5 billion in assets under management (AUM), reaching USD5.199 billion...
News came last night from the US that the SEC has approved CBOE’s proposal to list and trade VanEck’s spot..
Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15 per cent increase in net..
European white label ETF platform, HANetf, has announced its total assets under management (AUM) has now exceeded USD4.31 billion...

Related Articles

Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by