New Products
UBS Asset Management Launches GBP Hedged ETF
The asset management arm of the Swiss bank has launched an ETF that aims to combat currency fluctuations by hedging investments in British pounds.
UBS Asset
Management has launched a new exchange-traded fund on the
London Stock Exchange.
The UBS ETF (IE) S&P 500 hedged GBP UCITS ETF invests in
stocks listed on the S&P 500 Index,
physically replicating the performance of that index,
while hedging the embedded currency in British pounds.
The currency hedge aims to mitigate the effect of fluctuations in
investors' native currency versus that which they are exposed to
when investing in foreign assets in another currency, UBS said in
a statement.
“We are seeing ever increasing demand from clients for currency
hedged share classes at a time when global currency volatility
remains a major concern for investors,” said Andrew Walsh, head
of UBS ETF sales for the UK and Ireland.
He added: “The launch of our S&P 500 hedged GBP ETF is
particularly timely given recent events in the US and we would
expect to see this product gain a fair amount of interest.”
Last week,
UBS hired a new head of client investment specialists in the
Asia-Pacific region.
