Lack of demand forces UBS ETF to close six share classes

Total net assets in each share class below €20m

UBS ETF has announced it is to liquidate the share classes of six of its ETF sub-funds, having "demonstrated a sustained small level of demand".

The sub funds affected are the Factor MSCI EMU Low Volatility UCITS ETF, Factor MSCI EMU Prime Value UCITS ETF, Factor MSCI EMU Quality UCITS ETF, Factor MSCI EMU Total Shareholder Yield UCITS ETF, FTSE 100 UCITS ETF and MSCI Europe UCITS ETF. In a statement, UBS ETF said its board of directors considered the liquidation to be in "the best interest of its shareholders" and has decided to compulsorily redeem all the shares of the share classes, all of which are hedged to sterling, with effect from 18 December. The company stated that the value of the total net assets in each of the sha...