UBS IQ Cash ETF
UBS Asset Management has launched the UBS IQ Cash ETF (the Fund), effective 25 May 2017.
The Fund gives investors exposure to a portfolio of investments of bank deposits and bank certificates, in one transaction.
The Fund seeks to provide exposure to Australian cash with regular income at competitive rates, combined with capital stability.
The aim of the Fund is to provide investors with a total return that exceeds the Reserve Bank of Australia Official Cash Rate before fees, expenses and taxes.