UBS lists two new ETFs on Italian stock exchange
UBS Global Asset Management has listed its first two ETFs investing in foreign bonds on the Italian stock exchange.
The two new ETFs offer a diversified exposure to foreign bonds emitted in CHF. Both ETFs are Ucits compliant and will be listed on the ETF Plus segment of the Italian stock exchange starting from 10 September.
The ETFs aim at allowing investors to choose from a diversified range of securities, corporate bonds and foreign issuers.
The two ETFs have different term to maturity. Both ETFs target an annual Total Expense Ratio (TER) of 0.2%. As all UBS ETFs investing in bonds, also these new ones do not offer stock-borrowing activities.
The market maker activity is guaranteed by Commerzbank and the negotiating currency on the Italian stock exchange will be EUR.
Simone Rosti (pictured), Italy country head of UBS ETF, said: “The move confirms UBS commitment to offering innovative, return efficient and cheap instruments to investors.
“The launch of these new ETFs are in line with our awareness of the importance fixed income products have in Italian investors’ portfolios,” he concluded.