New Listing

Morgan Stanley launches US dollar hedged version of multi-factor US equity ETF

Tom Eckett


Morgan Stanley has launched a US dollar version of its €648m multi-factor US equity ETF through its ETF platform Fundlogic.

The SciBeta HFI US Equity 6F EW USD UCITS ETF (USUF) is listed on the London Stock Exchange (LSE) with a total expense ratio (TER) of 0.30% and a management fee of 0.07%.

Tracking the SciBeta USA HFI MBMS EW-6F USD index, USUF is the hedged version of the SciBeta HFE US Equity 6F EW UCITS ETF (USHF), which launched as part of a five-strong range in 2017.

The other four ETFs offer exposure to Japanese equities, Asia-Pacific equities ex-Japan, European equities and emerging market equities.

The range looks to capture six factors; value, size, low volatility, high momentum, low investment and high profitability.

Morgan Stanley and Scientific Beta also partnered on a multi-factor global equity product in 2014, the MS Scientific Beta Global Equity Factors UCITS ETF.

Last month, Scientific Beta was snapped-up by the Singapore Exchange for €186m.

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