UBS has listed a new exchange-traded fund on the London Stock Exchange.

UBS Global Asset Management has listed a new US dollar-hedged European equities fund on the London Stock Exchange.

The UBS ETF (LU) MSCI EMU hedged USD UCITS ETF (USD) A-dis invests in equities in eurozone countries with inbuilt US dollar currency hedging.

The fund means investors will be able to access the performance of European companies at the same time as any potential appreciation of the dollar against the euro.

UBS ETFs currently hold over £2.5 billion (around $3.8 billion) in assets under management in the currency-hedged realm.