UBS AM cuts fees of over 200 ETFs as Credit Suisse integration offers 'increased scale'

Strengthens fee competition

UBS Asset Management has reduced the total expense ratios of more than 200 ETFs due to “increased scale” as a result of its acquisition of Credit Suisse, making its MSCI global ETF one of the cheapest in Europe.

The $252m Ireland-domiciled UBS ETF MSCI World UCITS ETF was cut from 0.30% to 0.10%, according to a document published by UBS AM. The TER now matches that of the HSBC MSCI Europe UCITS ETF, making both funds the cheapest MSCI ETFs in Europe. With an AUM of $3.7bn, the UBS ETF S&P 500 ESG UCITS ETF was the largest fund to have a fee cut, with its TER cut from 0.12% to 0.10% European ETF and ETC inflows soar 80% in 2023 The $3.7bn UBS ETF MSCI Emerging Markets UCITS ETF followed a fee reduction from 0.23% to 0.18%. UBS reported losses last year due to the integration of Cred...