UBS Global Asset Management launches its first dividend ETF in Australia

UBS Global Asset Management launches UBS IQ Research Preferred Australian Dividend Fund (ASX code: DIV) in response to strong demand for yield

UBS Global Asset Management’s first dividend ETF (DIV) in Australia has been brought to market at a time where lower cash rates and government bond yields are driving demand for income producing investments, and an aging population is seeking a steady source of retirement income.  The Fund aims to provide access to sustainable income via the distributions of dividends and franking credits.

UBS has also released a DIV Fact Sheet for further information.