UBS Asset Management has launched an alternative beta exchange traded fund (ETF) that tracks the price and yield performance of the MSCI USA Select Factor Mix Index.
The new strategy, dubbed UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETF, will invest in large, mid and small-cap US equities.
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The vehicle’s benchmark is an alternatively weighted index that considers factors such as value, quality, momentum, volatility, size as well as yield.
UBS head of passive and ETF specialist for sales it the UK and Ireland Andrew Walsh said: “Investors are increasingly seeing alternative beta as an important component of portfolios and assets in factor ETFs and ETPs now total more than $500 billion globally.
“This new ETF allows investors to gain access to US equities via an index which employs a set of factor-screens which aims to improve returns, reduce risk and enhance diversification.”
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