ETFWorld.co.uk

Shareholder notice UBS ETFs plc

The Board of Directors of the Company has informed the Shareholders of the Funds that a number of updates are being made to the supplements for the Funds. The principal changes which the Board wish to bring to your attention are set out below…..


Sign up for our weekly Newsletter and receive the latest ETF and ETC news. Click here to register for your free copy


1. Removal of Drag Level

The “Drag Level”, as set out in the supplements for the Funds, is being removed from all relevant supplements. This will also require an update to the investment objective of each of the relevant Funds. The Funds which this will affect are:

– S&P 500 SF UCITS ETF

– FTSE 100 SF UCITS ETF

– BLOOMBERG COMMODITY INDEX SF UCITS ETF

– CMCI COMPOSITE SF UCITS ETF

– MSCI USA SF UCITS ETF

– MSCI CANADA SF UCITS ETF

– MSCI EMU SF UCITS ETF

– MSCI JAPAN SF UCITS ETF

– MSCI EMERGING MARKETS SF UCITS ETF

– MSCI ACWI RISK WEIGHTED SF UCITS ETF

– MSCI USA GROWTH SF UCITS ETF

– MSCI EMU GROWTH SF UCITS ETF

– MSCI AC ASIA EX JAPAN SF UCITS ETF

2. Increase in Flat Fee

The “Flat Fee”, as set out in the supplements for the Funds, will be increased for the following Funds:

ubs17072015 1

3. Decrease in Flat Fee

The Flat Fee will be decreased for the following Funds:

ubs17072015 2

4. No Change in Flat Fee

For the avoidance of doubt there will be no change in Flat Fee for the following Funds:

– MSCI CANADA SF UCITS ETF;

The aforementioned changes will take effect subject to the prior approval of the Central Bank of Ireland and the Shareholders, where appropriate. A copy of the Shareholders’ written resolution to be executed in respect of the increase in the Flat Fee for S&P 500 SF UCITS ETF, MSCI USA SF UCITS ETF, MSCI EMU SF UCITS ETF and MSCI EMU GROWTH SF UCITS ETF is appended hereto.

It is expected that the changes will be effective from the close of business 31 July 2015 or such earlier or later date as the Company may determine which shall be at least two weeks after the date of this letter, or such later time as may be determined by the Directors, following receipt of all necessary approvals to the changes (the “Effective Date”).

Source: ETFWorld.co.uk

Related Articles

Invesco quotes 1 ETF on the LSE

Editorial Staff

JP Morgan ETF lists four ETFs on LSE

Editorial Staff

Xtrackers by DWS establishes range of Europe sector ESG screened ETFs

Editorial Staff