A new equity index fund from the UBS Global Asset Management product family has been tradable on Xetra in Deutsche Börse’s XTF segment since Friday….
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ETF name: UBS ETF – MSCI Canada UCITS ETF (hedged to EUR) A-acc
Asset class: equity index ETF
Ongoing charges: 0.43 percent
Distribution policy: accumulating
Benchmark: MSCI Canada 100% hedged to EUR TRN
The new UBS ETF enables investors to participate in the performance of the MSCI Canada index and also to benefit from hedging against exchange rate fluctuations between the euro and the Canadian dollar. The underlying reference index of the MSCI index family is weighted according to free float market capitalisation and tracks the performance of the Canadian equity market. The exchange rate risk is hedged via derivatives.
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,062 exchange traded funds. This selection, together with an average monthly trading volume of around €11 billion, makes Xetra Europe’s leading trading venue for ETFs.