UBS has slashed the fees across its entire range of exchange traded funds (ETFs) in a bid to attract smaller investors to its vehicles, according to Financial Times.
The price cuts average 35%, with the total expense ratios for the UBS ETF range now varying between zero and 110 basis points, compared with zero and 127 previously.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The price cuts apply to the A share class of UBS’s ETF range. The total expense ratios (TERs) have been reduced to match charges for the I (institutional) share class. The minimum investment for the A class shares ranges from £6 to £124, and from £1,420 to £100,000 for the I class.
The TER for the A class UBS FTSE 100 ETF has been cut from 35bp to 20bp. The A class UBS MSCI emerging markets ETF drops from 70bp to 45bp.
Andrew Walsh, UK head of ETF sales at UBS Global Asset Management, said: "We have seen a very positive response from a wide range of clients, particularly institutional investors and wealth managers, and we are looking to pitch more aggressively to financial advisers.
"We have decided to synchronise charges with uniform TERs across the A and I share classes of our ETFs to make them more accessible to investors," added Walsh.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataWalsh added that UBS’s decision to unify the two share classes would require consultations with regulators in Switzerland, Luxembourg and Dublin.
