UBS Asset Management (UBS AM) has introduced a currency-hedged UCITS ETF that will provide investors exposure to the 100 largest technology-driven companies based in mainland China.
Dubbed the UBS ETF (LU) Solactive China Technology UCITS ETF, the new proposition includes companies from the traditional technology sector along with health technology sub-sector.
It also covers firms securing bulk of their revenues from technology-related activities. These cover genomics, robotics and automation, cybersecurity, digital entertainment, cloud computing, future cars, blockchain as well as social media.
The new offering, which tracks the Solactive China Technology index, is available in a USD-denominated share class along with a Euro hedged share class.
Investors can avail the USD and Euro share classes for a fee of 0.47% and 0.52%, respectively.
It includes onshore, offshore and foreign listings of companies based or incorporated in China.
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By GlobalDataUBS AM global head of ETF and index fund client coverage Clemens Reuter said: “This new ETF is part of UBS AM’s strategic focus to provide investors with innovative exposure to one of the world’s fastest growing markets.
“The fund incorporates stocks beyond ‘traditional tech’, including exposure to areas such as social media, future mobility or medical technologies companies, and shows our strength to create products that align client interest and China’s long-term economic trends.”
Last year, UBS AM rolled out a global corporate bond ETF, which uses an ESG filter to integrate sustainability into credit markets.
The UBS ETF Bloomberg Barclays MSCI Global Liquid Corporates Sustainable UCITS ETF will track the Bloomberg Barclays Global Aggregate Corporates index.