Lack of demand forces UBS ETF to close six share classes

Total net assets in each share class below €20m

Redemptions will be accepted until 13 December, UBS ETF said

Redemptions will be accepted until 13 December, UBS ETF said

UBS ETF has announced it is to liquidate the share classes of six of its ETF sub-funds, having "demonstrated a sustained small level of demand".

The sub funds affected are the Factor MSCI EMU Low Volatility UCITS ETF, Factor MSCI EMU Prime Value UCITS ETF, Factor MSCI EMU Quality UCITS ETF, Factor MSCI EMU Total Shareholder Yield UCITS ETF, FTSE 100 UCITS ETF and MSCI Europe UCITS ETF. In a statement, UBS ETF said its board of directors considered the liquidation to be in "the best interest of its shareholders" and has decided to compulsorily redeem all the shares of the share classes, all of which are hedged to sterling, with effect from 18 December. The company stated that the value of the total net assets in each of the sha...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on ETFs

The worst contender dropped 166%, with its flows going from net positive to net negative

Morningstar figures reveal drop in recently ESG rebranded funds flows

Worst fund saw 166% drop

Kathleen Gallagher
clock 24 June 2022 • 5 min read
JPMorgan Climate Change Solutions UCITS ETF (T3MP) invests in companies developing and scaling climate solutions.

JP Morgan AM launches UK active ETFs

First active UK equities UCITS ETF to market

clock 21 June 2022 • 2 min read
Former fund manager Neil Woodford

Former Woodford fund drops 17% on Rutherford liquidation

£24m wiped off

James Baxter-Derrington
clock 16 June 2022 • 1 min read