UBS has cross-listed six ETFs on SIX Swiss Exchange, providing currency-hedged exposure to the performance of equities listed in the US, the eurozone or Japan.
The ETFs utilise currency hedging by selling foreign currency forwards at the one-month forward rate.
The ETFs track broad-market indices created by MSCI and offer either accumulating or distributing treatment of income generated within their portfolios.
The UBS MSCI USA hedged GBP UCITS ETFs (Tickers: USGBYH/dist; USGBWH/acc) track the MSCI USA 100% hedged to GBP Index, a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of the USA. There are 624 index constituents which is significantly exposed to the information technology (22.4%), financial services (14.4%), health care (14.4%), consumer discretionary (12.9%) and industrials (9.8%) sectors. The largest single constituent is Apple with a weight of 3.5%.
Each ETF has a total expense ratio (TER) of 0.27%.
The UBS MSCI EMU hedged GBP UCITS ETFs (Tickers: EUGBAH/dist; EUGBBH/acc) track the MSCI EMU 100% hedged to GBP Index, a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of countries within European Monetary Union. France (32.6%) and Germany (29.4%) dominate the country exposures, followed by The Netherlands (10.9%) and Spain (10.7%). The largest sector exposures are to financials (20.4%), industrials (15.3%), consumer discretionary (13.6%) and consumer staples (10.5%). There are 241 constituents, the largest being Total (2.6%).
Each ETF has a TER of 0.31%.
The UBS MSCI Japan hedged GBP UCITS ETFs (Tickers: JPGBAH/dist; JPGBBH/acc) track the MSCI Japan 100% hedged to GBP Index, a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of Japan. There are 319 index constituents which is significantly exposed to the industrials (20.4%), consumer discretionary (19.8%), financials (13.3%) and information technology (12.1%) sectors. The largest single constituent is Toyota with a weight of 4.3%.
Each ETF has a TER of 0.45%.
All six ETFs trade in sterling and mitigate the risk of adverse currency movements relative to the British pound by selling foreign currency forwards at the one-month forward rate. The funds were initially rolled out on London Stock Exchange on 30 September 2013.