The physically replicated fund, will be made available for 0.09% on a number of third party platforms UBS said, including CoFunds, FundsNetwork, Transact, Old Mutual and Standard Life.
It is the second passive fund available within the UBS UK OEIC range, the group said, after the launch of a sterling corporate bond indexed fund in March 2013.
Ian Ashment, Head of Structured Beta & Indexing said: “We have launched the UBS S&P 500 Index Fund to meet client demand for efficient, cost-effective exposure to the broad US equity market. The US remains the world’s largest economy and therefore continues to be a critical area of investment for many of our clients.”
The UCITS fund is sterling-denominated and UK-domiciled with both institutional and wholesale share classes, UBS said.
