ETFWorld.co.uk

Conversion of share classes in UBS ETFs

UBS to transfer existing ETFs into new structure…


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UBS ETF currently offers the MSCI Switzerland 20/35 ETFs within a structure that entails opening an individual sub-fund for each currency/equity market combination.

The two hedged currencies SGD and GBP of the MSCI Switzerland 20/35, for example, require two independent, separately managed sub-funds. Continuous enhancements to our offering enable an optimised and more efficient alternative solution. U BS ETF has therefore decided to merge the currency-hedged and non-currency-hedged ETFs into one sub-fund and to match currency/equity market combinations within share classes.  

UBS ETF – MSCI Switzerland 20 / 35

100% hedged to GBP UCITS ETF

Merging

Sub-Fund I.

  
Share classISINManagement feeCurrency
(GBP) A-accLU09772611620.30%GBP
(GBP) A-disLU09772612460.30%GBP

UBS ETF – MSCI Switzerland 20/35

UCITS ETF

Receiving

Sub-Fund I.

  
Share classISINManagement feeCurrency
(hedged to GBP) A-accLU11698305250.30%GBP
(hedged to GBP) A-disLU11698304420.30%GBP

UBS ETF – MSCI Switzerland 20/35

100% hedged to SGD UCITS ETF

Merging

Sub-Fund II.

  
Share classISINManagement feeCurrency
(SGD) A-accLU10483136280.30%SGD

UBS ETF – MSCI Switzerland 20/35

UCITS ETF

Receiving

Sub-Fund II.

  
Share classISINManagement feeCurrency
(hedged to SGD) A-accLU11698308710.30%SGD

All existing units will be converted into the new structure at the value of their underlying equities, on the conversion date.

Depending on the number of units held and the conversion ratio, investors will receive units in the new share classes, as well as a cash compensation for fractions.

The combined value of these units and the cash compensation will be equivalent to the value of the units investors held on the conversion date.
  
The prices for the ETFs affected will remain unchanged in the target structure.

DateActivities
1 July 2015Last trading day on the SIX Swiss Exchange
8 July 2015Last technical trading day
9 July 2015Delisting

Source: ETFWorld.co.uk


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