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DUBLIN - UBS (Irl) ETF Plc has announced a series of name changes for its sub-funds, effective May 12, 2025, following guidelines from the European Securities and Markets Authority (ESMA). The adjustments, which include renaming certain funds to avoid the use of ESG or sustainability-related terms unless appropriate, are part of the company’s compliance efforts with the ESMA guidelines.
The changes will see the "A" denomination removed from the share class names to simplify the naming convention. Additionally, the term "hedged to" will be replaced with "h" to indicate currency hedging, and brackets around currency symbols in the class names will be eliminated. An example provided indicates that the "(hedged to GBP) A-acc" class will be renamed to "hGBP acc."
Notably, these updates will not affect the investment objectives, policies, or the indices tracked by the funds, which will continue to be passively managed. The company has emphasized that the core investment strategies of the funds remain unchanged, ensuring continuity for investors.
The upcoming changes, subject to the approval of the Central Bank, will also be reflected in revised Supplements, the Prospectus, updated Key Investor Information Documents (KIIDs), and PRIIPs Key Information Documents (KIDs) for the funds. These documents will be available at the company’s registered office and online at the UBS website, as well as through local representatives in the countries where the company is registered.
Shareholders have been notified of the changes, which are set to take place in a few weeks. The information is based on a press release statement from UBS (Irl) ETF Plc, providing shareholders with the necessary details ahead of the implementation date.
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