The most cost-effective ETFs on the SMI® and the SLI® indices ……
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UBS is the leading provider of ETFs on Swiss indices and is expanding its dual unit class concept (unit classes A and I) to include the unit class I on the Swiss Market Index SMI®, and the Swiss Leader Index SLI®. This enables UBS to offer ETF investors the most cost-effective ETFs on the SMI® and SLI® blue chip indices.
UBS is the only ETF provider worldwide to offer its investors the dual unit class concept: the A and I unit classes. There are two basic differences between the unit classes: unit class “I” has a higher net asset value (NAV) than unit class “A” and is targeted specifically towards investors with a greater asset investment requirement. The second difference is cost: whilst unit class “A” is offered by both ETFs at a total expense ratio (TER) of 35 basis points (bps), we are offering unit class “I” at a TER of 20 bps. Both unit classes are open to all investors and can be traded on the Swiss Stock Exchange in Swiss Francs.
As Thomas Merz, UBS Head of ETF Switzerland and Liechtenstein comments: “With the addition of unit class “I” on these two Swiss equity indices, we are meeting a growing client need for greater ETF investment volumes with even more cost-effective conditions.”
With the listings, UBS is strengthening its commitment to the Swiss investment market and now offers the broadest ETF product range on the Swiss indices.
The new UBS ETFs:
Fund name : UBS-ETF SMI® (CHF) I
TER: 0,20%
ISIN : CH0200721360
Trading currency: CHF
Fund name : UBS-ETF SLI Swiss Leader Index® (CHF) I
TER: 0,20%
ISIN : CH0200720446
Trading currency : CHF
Source: ETFWorld.co.uk – UBS
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