On January 29, 2026, UBS AM listed three new equity ETFs on the London Stock Exchange (LSE).
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By ETFWorld.co.uk
André Mueller, Head of Client Coverage at UBS Asset Management
The products, part of the “Core” range, replicate global and US indices with low costs and a passive, physical investment strategy.
Key Features of the New ETFs
The three funds, domiciled in Ireland and compliant with UCITS regulations, aim to provide efficient access to broad, diversified market segments.
| ETF | Underlying Index | ISIN | TER (Annual Cost) | Dividend Policy | Denomination Currency |
|---|---|---|---|---|---|
| UBS Core MSCI World UCITS ETF | MSCI World Index | IE00BD4TXV59 | 0.06% | Accumulation | USD |
| UBS Core S&P 500 UCITS ETF | S&P 500 Index | IE00BD4TXW66 | 0.03% | Not specified in the release | USD |
| UBS Core MSCI USA UCITS ETF | MSCI USA Index | IE00BD4TXS21 | 0.06% | Accumulation | USD |
Detailed Look at the Individual Products
UBS Core MSCI World UCITS ETF (ISIN: IE00BD4TXV59)
This ETF replicates the MSCI World Index, which includes mid- and large-cap companies from 23 developed countries. The fund, originally launched in June 2019, has approximately €6.23 billion in assets and is already widely listed on various European exchanges, including Borsa Italiana (ticker: WRDA), Xetra, and SIX Swiss Exchange. It uses full physical replication and engages in securities lending to generate additional returns. Its sector composition is led by Technology (28.42%) and Financials (14.21%), while its geographic allocation is dominated by the United States (68.77%). In 2025, the fund delivered a performance of +7.24%.
| Product Name | UBS Core MSCI World UCITS ET |
| ISIN | IE00BD4TXV59 |
| SEDOL | BS5ZF22 |
| Currency | USD |
| Management Fee | 0.06% |
| Benchmark | MSCI World Index |
| Product Name | UBS Core MSCI World UCITS ET |
| ISIN | IE00BD4TXV59 |
| SEDOL | BS5ZF33 |
| Currency | HKD |
| Management Fee | 0.06% |
| Benchmark | MSCI World Index |
UBS Core S&P 500 UCITS ETF (ISIN: IE00BD4TXW66)
This product focuses exclusively on the 500 leading US companies, providing access to a key US equity benchmark. With a TER of 0.03%, it is the lowest-cost option in the new series. Its investment policy involves the physical holding of all index constituents in the same proportion.
| Product Name | UBS Core S&P 500 UCITS ETF |
| ISIN | IE00BD4TXW66 |
| SEDOL | BS5ZF00 |
| Currency | HKD |
| Management Fee | 0.03% |
| Benchmark | S&P 500 Index |
UBS Core MSCI USA UCITS ETF (ISIN: IE00BD4TXS21)
This ETF also provides exposure to the US stock market but through the MSCI USA Index, which includes mid- and large-cap companies. The main difference compared to the S&P 500 ETF lies in the index universe and its selection methodology.
| Product Name | UBS Core MSCI USA UCITS ETF |
| ISIN | IE00BD4TXS21 |
| SEDOL | BDDY1G2 |
| Currency | USD |
| Management Fee | 0.06% |
| Benchmark | MSCI USA Index |
Investment Policy and Considerations for Investors
All three ETFs follow a passive management strategy. The objective is to faithfully replicate the performance of the respective index by physically holding its constituent securities. The funds may use derivative instruments in exceptional circumstances or to reduce costs and risk.
Market Context
Listing new share classes of existing ETFs on a major exchange like the LSE is a common practice to enhance their liquidity and accessibility for international investors. The MSCI World ETF, for instance, is already an established instrument.
With these new listings, UBS makes a selection of low-cost core ETFs available in London, offering institutional and retail investors efficient options for accessing global and US equities. The choice among the three products essentially comes down to preference for the investment universe (global vs. US) and the specific US benchmark (S&P 500 or MSCI USA).
Source: ETFWorld
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