UBS lists range of ETFs on Borsa Italiana
UBS Global Asset Management has listed a product line of exchange-traded funds on Borsa Italiana. Italian investors now have access to 61 new ETFs replicating 40 indices in equity, fixed income and alternatives. This is the largest one-time ETF listing in the history of Borsa Italiana.
Clemens Reuter (pictured), head of UBS ETFs, says: “The Milan listing reinforces our commitment to the Italian market and brings UBS’s wide range of ETFs to an important financial centre. With our ETF range we aim to add value for Italian investors by providing tools and building blocks for effective portfolio management. Our ETFs are designed as asset management products, ranging from core holdings to ‘satellite’ strategies.”
UBS ETFs benefit from a wealth of passive portfolio management experience within UBS Global Asset Management, which has been managing physical ETFs since 2001 and passive investment strategies for more than 30 years. Furthermore, UBS offers a unique share class model with competitive pricing – A class (‘A’ – standard total expense ratio (TER) and standard NAV) and I class (‘I’ - lower TER and a higher minimum subscription value). Both 'A' and 'I' classes are traded and available for all clients.
UBS offers both physical and swap-based ETFs allowing clients to choose the model which best suits their investment needs. Its swap-based ETFs have a unique and transparent fee model based on the concept of “drag level” – the total expense ratio plus transaction costs. UBS is the only ETF provider to disclose all of the transaction costs for its swap-based ETFs and to inform investors of their total costs over one year. Furthermore, UBS ETFs benefit from on-exchange and off-exchange liquidity due to a multi-market maker approach.
Pietro Poletto, head of exchange-traded products at London Stock Exchange Group, says: “We are delighted to welcome these new 61 UBS ETFs on our ETFplus market; this confirms the strategic value of a listing on the Italian stock exchange. Borsa Italiana has been for many years now an international leading platform in this segment and core to the development in Europe of ETFs. This is the largest listing of ETFs that Milan has seen in one day, and takes the total number of exchange traded products listed here to 861.”
In Europe UBS offers a wide range of physical and swap-based ETFs, replicating more than 70 indices with over 150 fund and currency share classes. In addition to Borsa Italiana, UBS ETFs are listed on the LSE, Xetra, SIX Swiss Exchange, Börse Stuttgart and Nasdaq OMX.