UBS launch 4 products for defined Hedge Fund Strategy Exposure

Jun 17 2012

UBS Global Asset Management have listed four new ETF’s replicating four HFRX Hedge Fund indices.

ETF name: UBS ETFs plc – HFRX Equity Hedge Index SF (EUR) A-acc
Asset class: equity index ETF
ISIN: IE00B76VD289
Total expense ratio: 1.10 percent
Distribution policy: non-distributing
Benchmark: HFRX Equity Hedge Index

ETF name: UBS ETFs plc – HFRX Event Driven Index SF (EUR) A-acc
Asset class: equity index ETF
ISIN: IE00B76VD396
Total expense ratio: 1.10 percent
Distribution policy: non-distributing
Benchmark: HFRX Event Driven Index

ETF name: UBS ETFs plc – HFRX Macro CTA Index SF (EUR) A-Acc
Asset class: equity index ETF
ISIN: IE00B76VD404
Total expense ratio: 1.10 percent
Distribution policy: non-distributing
Benchmark: HFRX Macro CTA Index

ETF name: UBS ETFs plc – HFRX Relative Value Arbitrage Index SF (EUR) A-Acc
Asset class: equity index ETF
ISIN: IE00B76VD511
Total expense ratio: 1.51 percent
Distribution policy: non-distributing
Benchmark: HFRX Relative Value Arbitrage Index

As mentioned above the four new UBS ETFs offer investors the opportunity to participate for the first time in the performance of a variety of different hedge funds of one strategy type.

The HFRX Equity Hedge EUR Index investment strategy employs quantitative and fundamental approaches to invest primarily in equities and equity derivatives, taking both long and short positions.


The investment strategy of the HFRX Event Driven Index focuses on companies that are undergoing change, for example, due to mergers, restructuring measures, financing difficulties, takeover offers, share buy-back programs or security issues. 

The investment strategy of HFRX Macro CTA takes key economic indicators and their impact on equity, bond, currency and commodity markets into account. In selecting individual instruments, fund managers perform discretionary as well as systematic analyses, use top-down and bottom-up techniques, take qualitative and fundamental approaches, and go long and short. 

The HFRX Relative Value Arbitrage Index investment strategy takes advantage of price inefficiencies between securities linked to each other. These may be equities, bonds, derivatives or other groups of instruments.