Two new ETFs issued by UBS ETFs plc have been tradable since Thursday on the HFRX Global Hedge Fund Index in Deutsche Börse’s XTF segment.
ETF name: UBS ETFs plc – HFRX Global Hedge Fund Index SF – (CHF) A-acc
Asset class: equity index ETF
ISIN: IE00B5280Y01
Total expense ratio: 1.50 percent
Distribution policy: non-distributing
Benchmark: HFRX Global Hedge Fund Index
Trading currency: Swiss francs
ETF name: UBS ETFs plc – HFRX Global Hedge Fund Index SF – (GBP) A-acc
Asset class: equity index ETF
ISIN: IE00B53B4246
Total expense ratio: 1.50 percent
Distribution policy: non-distributing
Benchmark: HFRX Global Hedge Fund Index
Trading currency: British pound
The two new UBS ETFs enable investors to participate in the performance of the HFRX Global Hedge Fund Index in the trading currencies British pound and Swiss franc. The composition of the underlying index represents the entire hedge fund universe, comprising all available hedge fund strategies, including convertible arbitrage (exploiting differences in valuation between convertible bonds and equities), distressed securities (investing in companies in financial or operational difficulty) and equity hedge (simultaneously buying undervalued equities and selling overvalued equities). The different strategies are weighted to reflect the distribution of assets in the hedge fund sector.
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 806 exchange-listed index funds, making it the largest offering of all European stock exchanges. This selection, together with an average monthly trading volume of €13 billion, makes Xetra Europe’s leading trading venue for ETFs.
Xetra® and XTF® are registered trademarks of Deutsche Börse AG.
