UBS adds four ETF listings on LSE

Sep 23rd, 2014 | By | Category: Equities

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UBS Global Asset Management has announced the listing of four exchange-traded funds on the London Stock Exchange.

UBS adds four ETF listings on LSE

UBS has added four ETF listings on the London Stock Exchange.

The new ETFs track the Dow Jones Global Select Dividend, MSCI Emerging Markets SRI and MSCI USA (with listings in both USD and GBp) indices.

The UBS DJ Global Select Dividend UCITS ETF (UC75) is a new product offering exposure to the top dividend paying companies globally. The underlying index is weighted by dividend yield with the constituent stocks selected on fundamental strength relative to peers, subject to dividend strength and liquidity. The fund recently listed on SIX, the Swiss Exchange.

UBS was the first asset manager to offer ETF exposure to the MSCI Socially Responsible index series in Europe and the newly launched UBS MSCI Emerging Markets Socially Responsible UCITS ETF (UC79) will continue in this vein. The ETF will offer exposure to the MSCI Emerging Markets SRI 5% Issuer Capped Total Return Net, itself only established as recently as March 2014. The index is a benchmark of large and mid-cap emerging market companies with strong sustainability profiles.

The ETF has been developed in direct response to increased demand from investors to incorporate environmental and social governance practices into their investments whilst avoiding companies that produce goods and services that have a negative social or environmental impact.

In keeping with having its products available on a broad range of exchanges, the UBS MSCI USA ETF will also be listing on the LSE. The fund provides exposure to large and mid-cap US equities and is available in GBp (UC66) trading currency and USD (UC67) trading currency. The ETF is already listed on SIX and has assets under management of £1.2 billion.

Both the UBS DJ Global Select Dividend UCITS ETF and UBS MSCI Emerging Markets Socially Responsible UCITs ETF will apply for UK reporting fund status and perform annual reporting for UK investors. The two MSCI USA ETFs have previously been granted UK reporting fund status.

Commented on the listings, Andrew Walsh, Head of ETFs, UK & Ireland at UBS Global Asset Management, said: “These new listings will enable our ETFs to reach an even broader investor base. We are constantly responding to our clients’ needs and believe that the listing of our two new ETFs, DJ Global Select Dividend UCITS and MSCI Emerging Markets Socially Responsible UCITS ETF, will provide them with products which meet their varied investment requirements.”

The ETFs’ full names, ticker codes, trading currency and total expense ratios are as follows:

UBS ETF – MSCI USA UCITS ETF (USD) A-dis (UC66)
GBp 0.20%

UBS ETF – MSCI USA UCITS ETF (USD) A-dis (UC67)

USD 0.20%

UBS(Irl) ETF plc – DJ Global Select Dividend UCITS ETF (USD) A-dis (UC75)

GBp 0.30%

UBS ETF – MSCI Emerging Markets Socially Responsible UCITS ETF (USD) A-dis (UC79)
GBp 0.53%

As of 31 December 2013, UBS had £9.3 billion in ETF assets under management.

 

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