UBS Global Asset Management has unveiled the UBS IQ Research Preferred Australian Dividend Fund to Australian investors.
The fund has been brought to market at a time where lower cash rates and government bond yields are driving demand for income producing investments, and an aging population is seeking a steady source of retirement income.
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Trading under ASX as DIV, the new fund will offer access to sustainable income through the distributions of dividends and franking credits.
According to UBS, DIV will provide investors with exposure to a diversified portfolio of Australian listed companies rated by UBS equity research analysts.
DIV will also track the UBS Research Preferred Dividend Index, which provides exposure to a diversified portfolio of approximately 40 Australian equity securities, while also providing exposure to the performance of stocks rated by UBS equity research analysts.
Bryce Doherty, head of UBS Global Asset Management, Australasia, said: "DIV follows the success of our first ETF, UBS IQ Research Preferred Australian Share Fund, which raised cA$200 million in the first year and continues to gather momentum."
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