ETF provides access to UBS’s multi asset portfolio strategy with euro currency hedge….
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A new unit class of the sub-fund MAP Balanced 7 SF UCITS ETF issued by UBS has been tradable in Deutsche Börse’s XTF segment on Xetra since Tuesday.
ETF name: UBS ETFs plc – MAP Balanced 7 UCITS ETF SF (EUR) A-acc
Asset class: Active ETF
Total expense ratio: 0.73 percent
Distribution policy: accumulating
The new unit class of the actively managed ETF issued by UBS enables investors to participate in the performance of the multi asset portfolio (MAP) strategy with euro currency hedge. The fund strategy comprises three asset classes: bonds, equities and commodities. Investments in equities are made via the EURO STOXX 50 and S&P 500 indices, and in bonds via 5 and 10-year government bonds from Germany and the USA. Commodities are selected using the UBS Bloomberg CMCI Commodities Index.
Each of these classes contributes to risk distribution in terms of its volatility (risk parity). Allocation of the asset classes is optimised using the UBS Dynamic Equity Risk Indicator (DERI) sentiment barometer, which measures risk appetite on the financial markets. The invested capital can also be shifted into no-risk cash in times of extreme uncertainty.
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,045 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.