UBS Global Asset Management has bolstered its fixed income ETF range by launching three new fixed income ETFs that provide exposure to the Barclays US Liquid Corporates index on the London Stock Exchange.
The three ETFs will provide medium duration exposure to investment grade corporate bonds from issued by companies based in the USA, but are differentiated by currency.
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The ETFs will be denominated in currencies including a GBP-hedged version, a USD trading version and GBP trading version.
Andrew Walsh, head of UBS ETF sales UK & Ireland, said: "It’s entirely plausible that the foreign currency in which the underlying bond is denominated could decline against your home currency to such an extent that it completely negates the returns the investor received from the bond’s price return and coupon.
"This is a common concern for our clients, so the launch of the UBS ETF – Barclays US Liquid Corporates 1-5yr UCITS ETF (hedged to GBP) as well as our recently launched GBP-hedged ETF tracking the full duration version of this index, addresses this issue," he added.
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