UBS Global Asset Management has listed two exchange-traded funds on the London Stock Exchange, providing exposure to UK mid-caps and continental European equities.
The UBS ETF – FTSE 250 UCITS ETF and the UBS ETF – MSCI Europe ex-UK UCITS ETF are Luxembourg-domiciled, UCITS-compliant funds, providing physical replication of the indices they track. Both these ETFs are distributing share classes.
The UBS ETF – MSCI Europe ex-UK UCITS ETF complements the ETFs that UBS already offers tracking the MSCI EMU Index. While the latter only includes the 10 countries in the European Economic and Monetary Union (EMU), the new ETF provides exposure to 14 of the most important markets in continental Europe. The TER on the product is at level of 0.20 per cent.
The UBS ETF – FTSE 250 UCITS ETF extends UBS’ coverage of UK equities further, complementing its physically replicating FTSE 100 ETF and its swap-based FTSE 100 ETF. Investors can now choose to take on specific UK mid-cap exposure or to combine the FTSE 100 and FTSE 250 ETFs for access to the entire UK market. The UBS ETF – FTSE 250 UCITS ETF has a TER of 0.25 per cent
Andrew Walsh, head of UBS ETF sales UK & Ireland, says: “The new ETFs broaden our extensive product range and continue our aim of responding to our clients’ needs by delivering focused ETF solutions at very competitive prices.”
Sudir Raju, managing director at FTSE Group, says: “The FTSE 250 continues to be the leading benchmark for issuers who are looking to offer exposure to UK mid-cap companies through ETFs. We are delighted to be extending our relationship with UBS through the use of further FTSE indices in their new ETFs.”
The new ETFs are UCITS compliant, physically replicated, and domiciled in Luxembourg, and are eligible for inclusion in ISAs and SIPPs. The funds will apply for UK reporting fund status and perform annual reporting for UK investors.
