Two new UBS ETFs launched on Xetra
Two new ETFs issued by UBS ETFs plc have been tradable since Thursday on the HFRX Global Hedge Fund Index in Deutsche Börse’s XTF segment.
The two new UBS ETFs – UBS ETFs plc – HFRX Global Hedge Fund Index SF – (CHF) A-acc, and UBS ETFs plc – HFRX Global Hedge Fund Index SF – (GBP) A-acc – enable investors to participate in the performance of the HFRX Global Hedge Fund Index in the trading currencies British pound and Swiss franc.
The composition of the underlying index represents the entire hedge fund universe, comprising all available hedge fund strategies, including convertible arbitrage (exploiting differences in valuation between convertible bonds and equities), distressed securities (investing in companies in financial or operational difficulty) and equity hedge (simultaneously buying undervalued equities and selling overvalued equities). The different strategies are weighted to reflect the distribution of assets in the hedge fund sector.