UBS cross-lists EUR-hedged S&P 500 ETF on Deutsche Börse

Dec 5th, 2017 | By | Category: Equities

UBS Global Asset Management has cross-listed the UBS S&P 500 UCITS (hedged to EUR) ETF (UEQD GY) on Deutsche Börse’s Xetra and Frankfurt exchanges.

UBS cross-lists EUR-hedged S&P 500 ETF on Deutsche Börse

The dollar has depreciated approximately 13% against the euro year-to-date.

The fund tracks the S&P 500 EUR Hedged (Net Return) Index, providing exposure to the large-cap US stocks within the S&P 500 Index while hedging currency exposure between the US dollar and the fund’s trading currency – the euro.

Income generated within the fund is distributed on a monthly schedule to investors, and the fund has a total expense ratio (TER) of 0.22%.

The fund was initially launched on SIX Swiss Exchange in early 2016.

UBS also offers a CHF-hedged S&P 500 ETF (SP500S SW) on SIX Swiss Exchange as well as a GBP-hedged version listed on SIX (SP500H SW) and London Stock Exchange (SP500H LN). Its unhedged version, the UBS S&P 500 UCITS ETF (SP5USY SW), costs just 0.12%.

The dollar has depreciated approximately 13% against the euro year-to-date (as of 4 December 2017), making euro-hedged plays on the S&P 500 the superior performers so far in 2017.

Following the launch, the product offering in Deutsche Börse’s XTF segment comprises a total of 1,209 ETFs. The segment has an average monthly trading volume of around €11 billion.

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