UBS and HFR launch ETF on HFRX Global Hedge Fund Index

Date: Monday, December 20, 2010
Author: Emily Perryman, HedgeWeek

UBS and Hedge Fund Research have launched the UBS ETFs plc - HFRX Global Hedge Fund Index SF, the first exchange-traded fund built on the investable benchmark of hedge fund performance. 

The ETF was listed on the Deutsche Boerse Exchange on 3 December 2010.

The “SF-I” share class is targeting qualified investors.

UBS and HFR anticipate additional listings in coming weeks.

The ETF is Ucits III compliant.

"We are delighted to bring the UBS plc ETF-HFRX Global Hedge Fund Index to the market. This is a unique opportunity for investors to access the world-leading hedge fund benchmark in a liquid, exchange traded, Ucits compliant form," says Nicolas Samaran, executive director in the fund derivatives structuring group at UBS.
 
“The UBS –ETFs plc - HFRX Global Hedge Fund Index SF 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,” says Kenneth J. Heinz, president of HFR. “The construction and versatility of the ETF enables it to be used broadly by both institutional and retail investors to obtain hedge fund exposure efficiently.”