UBS Rolls Out HFRX ETF

Dec 20 2010 | 10:27am ET

UBS has launched an exchange-traded fund designed to track a major hedge fund index.

The new UCITS III-compliant vehicle launched on the Deutsche Börse earlier this month, UBS and Hedge Fund Research said. The UBSETFs plc-HFRX Global Hedge Fund Index SF is based on the latter’s HFRX Global Hedge Fund Index.

The new fund “represents the first in a new generation of hedge fund index ETFs, offering investors the ability to gain passive exposure to hedge fund performance in a transparent, liquid and UCITS III-compliant manner,” HFR’s Kenneth Heinz said. “The construction and versatility of the ETF enables it to be used broadly both by institutional and retail investors to obtain hedge fund exposure efficiently.”

UBS and HFR said they anticipate further share-class listings in the coming weeks.

“This is a unique opportunity for investors to access the world-leading hedge fund benchmark in a liquid, exchange-traded, UCITS-complaint form,” Nicolas Samaran, an executive director in UBS’ fund derivatives structuring group, said.

The new fund is the first based on an HFRX index.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Often seen as a passion project, or part of a philanthropic venture, rare and fine stringed instruments offer an exciting option to diversify one’s investment portfolio while providing an opportunity for an exceptional long-term investment.