UBS Enters Active Equity ETF Market With Global Income Strategy

UBS Asset Management has launched its first active equity ETF in Europe with the UBS Global Equity Income Plus UCITS ETF (FGZJ). The Irish-domiciled fund charges a 0.30% TER and combines quantitative stock selection with portfolio manager oversight. It targets an indicative 8–12% distribution yield using three income sources: dividends, share buybacks and option premiums. Unlike more defensive equity income strategies, FGZJ aims to maintain a beta broadly in line with the MSCI World, preserving exposure to global equity growth.