UBS and Hedge Fund Research to offer four new ETFs
UBS and Hedge Fund Research have announced that they will offer exposure to four of their hedge fund benchmark indices through exchange traded funds (ETFs).
Following the successful launch of the UBS ETFs – HFRX Global Hedge Fund Index SF in December 2010, ETFs will be offered for the HFRX Equity Hedge Index SF, HFRX Event Driven Index SF, HFRX Relative Value Arbitrage Index SF and HFRX Macro CTA Index SF.
Clemens Reuter, head of UBS ETFs said: “The launch of the HFRX sub strategies are a natural extension to our existing HFRX Global Hedge Fund ETF.”
“We are responding to client demand for such an offering and so are very pleased to be at the cutting edge of such developments, whilst working in close partnership with the acknowledged alternative indices experts, HFR.”
The ETFs, which will be listed on the Deutsche Boerse Exchange on 15 June 2012 (symbol UIQ5, UIQ6, UIQ7 and UIQ8), and are Ucits-compliant.