UBS adds products to ETFs’ range
Following the operation in October, UBS Global Asset Management has listed other four Ucits-compliant ETFs repeating stock indices on the Italian stock exchange.
The newly-listed ETFs, which will be available on the Italian stock exchange from 2 December, will guarantee investors to neutralize exchange rates’ volatility on the US, Swiss and Australian markets.
The new ETFs are the following:
• UBS ETF MSCI USA 100% hedged to EUR UCITS ETF A Acc – TER 0,30%;
• UBS ETF MSCI Switzerland 20/35 100% hedged to EUR UCITS ETF A Acc – TER 0,30%;
• UBS ETF MSCI Australia 100% hedged to EUR UCITS ETF A Acc – TER 0,50%;
• UBS ETF MSCI Switzerland 20/35 UCITS ETF A Acc- TER 0,20%.
Simone Rosti, (pictured), Italy country head of UBS ETF, said: “Our ETF offering aims at providing Italian investors with a higher risk and change coverage, thanks to the highly restrained TER ranging from a minimum of 0.30% to a maximum of 0.50%.”