UBS ETFs announce fund name changes without strategy shift

Published 28/04/2025, 08:06
UBS ETFs announce fund name changes without strategy shift

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.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.