UBS cross-lists US multi-factor ETF on SIX Swiss Exchange

May 31st, 2017 | By | Category: Equities

UBS has cross-listed the UBS MSCI USA Select Factor Mix UCITS ETF (USFM) on the Swiss stock exchange with USD and CHF trading share classes, having made its debut on the London Stock Exchange earlier in the month. (see: UBS launches factor-tilted US equity ETF).

UBS rolls out US multi-factor ETF on SIX

The ETF invests in an equally weighted mix of six separate factor indices. (File image)

The smart beta fund tracks the MSCI USA Select Factor Mix Index which aims to capture the performance of large, mid and small cap securities of the US equity markets.

The index is constructed using a combination of six factor indices and is designed to represent the performance of long-term risk factors such as momentum, value, quality, shareholder yield, volatility and size.

As of the end of April, the underlying index had 2,250 constituents and is well diversified with the largest stock within the index, Apple, accounting for just 3%.

The index’s largest sector exposure is information technology (23.3%), followed by industrials (14.7%) consumer discretionary (13.4%), health care (11.3%) and financials (11.2%).

The ETF will distribute dividends semi-annually and has a management fee of 0.30%.

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