UBS launches Asia ex-Japan ETF in London

Jun 26th, 2017 | By | Category: Equities

UBS has launched the UBS MSCI AC Asia ex Japan SF UCITS ETF (UC48) on the London Stock Exchange, providing exposure to the equity market performance of large and mid-cap stocks across emerging and developed market countries in Asia excluding Japan.

UBS launches Asia ex-Japan ETF in London

The UBS MSCI AC Asia ex Japan SF UCITS ETF provides exposure to the equity market performance of large and mid-cap stocks across emerging and developed market countries in Asia excluding Japan.

The fund’s underlying index is the MSCI AC Asia ex Japan Total Return Net Index. It is a free float-adjusted market capitalization weighted index and its largest country exposures are to China (31.8%), South Korea (18.0%), Taiwan (14.1%), Hong Kong (12.1%) and India (10.1%).

There are over 600 constituents within the index, which is weighted heavily towards the information technology (29.3%) and financials (23.4%) sectors. Consumer discretionary (9.9%) and industrials (7.8%) play a lesser role in the index. The largest single constituents are Samsung (4.9%), Tencent Holdings (4.9%), Taiwan Semiconductor (4.2%) and Alibaba (3.5%).

The ETF is synthetically replicated, trades in British pounds and has a total expense ratio (TER) of 0.37%.

It is also available to trade on Deutsche Börse and SIX Swiss Exchange in US dollars as well as on Borsa Italiana in euros.

The fund will compete with an existing ETF listed in Europe from Deutsche Asset Management which tracks the same underlying index. The Xtrackers MSCI AC Asia ex Japan UCITS ETF (LON: XAXJ) has just under half a billion British pounds in assets under management and comes with a TER of 0.65%.

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