Stock market launch for the UBS Europa Fund
The first trading days since the initial listing of the real estate fund UBS (CH) Property Fund Europe have been subdued.
November 10, 2022 was the first trading day of UBS (CH) Property Fund Europe, unit class (CHF hedged) I on the SIX Swiss Exchange. The unit certificates of the UBS Europe Fund started at a price of CHF 11.25, but were slightly below this opening price at CHF 11.10 on the evening of November 11. The closing price on November 16 was even lower,namely CHF 10.70.
UBS PF Europe invests in residential, logistics, office and retail real estate in established or developable locations throughout the European Union, EFTA member states (excl. Switzerland) and individual member states of the United Kingdom.
It currently holds twelve properties in Germany, the Netherlands, Belgium, Norway, Spain and Italy, almost all of which are leased to tenants with strong credit ratings, some of which are state-owned. The leases are indexed to a very high degree and thus largely protected against inflation, UBS emphasizes. (ah)
