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.”
• 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
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.”