UBS Global Asset Management has launched two alternative beta passive funds, at a time when trackers are seeing increased investor demand.
The two new funds, UBS FTSE RAFI Developed 1000 Index and UBS MSCI World Minimum Volatility Index, will track the FTSE RAFI Developed 1000 QSR index and the MSCI World Minimum Volatility GBP optimised index, respectively. The pair of products are currently available to institutional investors, but the firm plans to make them available to retail clients "in the near future". Ian Barnes, head of UK and Ireland, said: "While market cap weighted indices have many advantages, including broad diversification and high liquidity, they do have a systematic flaw. "We are seeing more investor...
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