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DUBLIN - UBS ETFs has announced changes to the names of certain funds and their share classes, effective May 12, 2025, pending regulatory approval. The updates, which include removing brackets from currency designations and simplifying hedged share class names, aim to streamline the funds’ identities without altering their investment objectives or policies.
The UBS (Irl) Fund Solutions II ICAV, an umbrella fund with segregated liability between sub-funds, will see two of its funds renamed. The "UBS (Irl) Fund Solutions II ICAV - MSCI Emerging Markets Climate Paris Aligned Index Fund" will change to "UBS MSCI EM Climate Paris Aligned Index Fund," and the "UBS (Irl) Fund Solutions II ICAV - MSCI World Climate Paris Aligned Index Fund" will become "UBS MSCI World Climate Paris Aligned Index Fund."
In addition to the fund name changes, the naming convention for share classes will also be updated. Classes with "hedged to" in their name will now use "h" to denote currency hedging, and brackets around currency indications will be removed. For example, the "(USD) A-acc" class will become "USD A acc," and the "(hedged to EUR) I-B acc" will be renamed "hEUR I-B acc."
These changes will not impact the investment objective or policy of each fund, nor the index each fund is tracking. The funds will continue to be passively managed, adhering to their respective benchmarks.
Shareholders of the ICAV do not need to take any action, as the rights and procedural aspects remain unaffected by the renaming. Revised supplements reflecting these changes will be available on the UBS website after the Central Bank’s approval.
The updated documents, including the prospectus, Key Investor Information Documents (KIIDs), PRIIPs Key Information Documents (KIDs) for the funds, and the constitution of the ICAV, will be accessible at the registered office in Dublin and online, as well as from local representatives in countries where the ICAV is registered.
This information is based on a press release statement and has been provided by RNS, the news service of the London Stock Exchange (LON:LSEG).
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