UBS ETF has listed the UBS ETFs (LU) MSCI Europe hedged GBP UCITS ETF on the London Stock Exchange. This new share class is built upon the UBS ETF (LU) MSCI Europe UCITS ETF.
The underlying Index is the key benchmark to gauge European stock market activity and captures both mid-cap and large representation across 15 European markets. The index covers approximately 85 per cent of the free float adjusted market capitalisation of the European developed markets equity universe. It is comprised of nearly 450 constituents.
This equity exposure combines a number of different currencies, including euros (EUR), Swiss franc (CHF), British pounds (GBP), Danish krone (DKK), Norwegian krone (NOK), Swedish krona (SEK) and US dollars (USD).
The new share classes offer exposure to the MSCI Europe index with currency hedging functionality. This ETF allows investors to hedge their portfolio in British pounds (GBP).
Andrew Walsh (pictured), Head of Passive and ETF Specialist Sales UK & Ireland, says: “This new listing further complements our existing currency hedged ETF offering. Investors are increasingly keen to participate in foreign denominated investments but want to limit exposure to potential currency fluctuations. Going forward, we expect to see continued interest from our clients for products with embedded currency hedging.”
