UBS Global Asset Management has listed its new UBS-ETF MSCI World (USD) share class "A" Exchange Traded Fund on the London Stock Exchange.

The new vehicle offers investors efficient exposure to global developed equity markets tracking a widely diversified underlying index, the firm said.

The UBS-ETF MSCI World (USD) “A", domiciled in Luxembourg, provides investors with the opportunity to invest in major companies operating across a variety of sectors and countries via physical replication. The underlying index, the MSCI World, covers over 1,600 leading large and mid-cap companies from 24 industrialised economies. The index captures approximately 84 per cent of the free float-adjusted market capitalisation in each country. 

"The UBS-ETF MSCI World (USD) “A” holds 1,581 stocks of the 1,605 included in the index. Thus, the ETF delivers virtually full replication despite the extensive number of constituents in the underlying MSCI World index, UBS said. This helps to ensure that the ETF delivers minimal tracking error vs. its benchmark. The ETF allows investors looking to benefit from movements in global equity markets via a UCITS-IV compliant investment in a single transaction," said Andrew Walsh, head of UBS ETFs for the UK.

In other recent ETF launches at the firm, last month UBS Global Asset Management listed its new UBS-ETF CMCI Composite Swap Fund, offering investors efficient exposure to the commodities asset class via a widely diversified and dynamic commodities index.