UBS Global Asset Management has listed a new developed market equity ETF- UBS-ETF MSCI World- on the London Stock Exchange (LSE), International Adviser has reported.
The new fund, which is denominated in US dollars, offers investors exposure to major companies across various sectors and countries via physical replication.
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The UBS-ETF MSCI World’s underlying index (the MSCI World) covers over 1,600 large and mid-cap companies from 24 industrialised countries.
The index captures almost 84% of the free float-adjusted market capitalisation in each country.
The ETF will deliver virtually full replication in spite of the large number of constituents underlying the MSCI World index.
Andrew Walsh, head of UBS ETFs UK, said: "The UBS-ETF MSCI World (USD) share class "A" holds 1581 stocks of the 1605 included in the index.
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By GlobalData"This helps to ensure that the ETF delivers minimal tracking error vs. its benchmark. The ETF allows investors looking to benefit from movements in global equity markets a UCITS-IV compliant investment in a single transaction," Walsh added.
