Three new exchange-traded equity index funds issued by UBS Global Asset Management are tradable in Deutsche Börse’s XTF segment since Tuesday.
ETF name: UBS ETFs plc - MSCI USA Growth TRN Index SF A-acc (USD) Asset class: equity index ETF
ISIN: IE00B5ST4671
Total expense ratio: 0.76 percent
Distribution policy: non-distributing
Benchmark: MSCI Daily TR Net Growth USA USD Index
ETF name: UBS ETFs plc - MSCI USA Growth TRN Index SF I-acc (USD) Asset class: equity index ETF
ISIN: IE00B4X9WC78
Total expense ratio: 0.59 percent
Distribution policy: non-distributing
Benchmark: MSCI Daily TR Net Growth USA USD Index
ETF name: UBS ETFs plc - MSCI EMU Growth TRN Index SF, A-acc (EUR) Asset class: equity index ETF
ISIN: IE00B4MFJH03
Total expense ratio: 0.40 percent
Distribution policy: non-distributing
Benchmark: MSCI Daily TR Net Growth EMU Local Index
The MSCI Daily TR Net Growth USA USD Index includes all companies domiciled in the United States that are part of the companies that represent 85% of market capitalisation in the US and in addition are defined as growth stocks.
Growth stocks are characterised by a higher price/earnings ratio. The index currently contains 374 companies.
Two of the UBS ETFs reflect the performance of this reference index with the difference that unit class I is primarily aimed at institutional investors and unit class A at private investors.
The MSCI Daily TR Net Growth EMU Local Index also focuses on growth stocks, but in the euro zone. The third UBS ETF enables investors to invest in the performance of a current total of 149 companies which have demonstrated continual high growth.
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 936 exchange-listed index funds with an average monthly trading volume of more than €16 billion.
