UBS S&P 500 Index Fund

UBS Global Asset Management has launched a passive US equity fund focusing predominantly on the S&P 500.

Commenting on the launch of the UBS S&P 500 Index Fund, Ian Ashment, head of structured beta and indexing, said: “The US remains the world’s largest economy, and therefore continues to be a critical area of investment for many of our clients.”

Key features:

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• The fund has an ongoing charge of 0.09 per cent

• It seeks to deliver performance in line with the S&P 500 over a full market cycle before the deduction of management fees and expenses

• It is to be available on platforms including CoFunds, FundsNetwork, Transact, Old Mutual and Standard Life

IFA verdict

Ben Seager-Scott, director of investment for national firm Tilney Bestinvest, said: “People should not think of paying more than 2 per cent for the ongoing charges for a tracker.

“It pays to look at things like tracking difference, but there is not a huge amount of variability between these trackers apart from price.”