Perhaps. UFT only exports GEDCOM files in ANSEL format. Download a copy of PAF 4.0 or pick up a copy of FTM v5.0 or later. Then you can export a GEDCOM to those programs and then re-export a GEDCOM from PAF or FTM in ANSI Code Page 1252 format so that you can read it in your text editor.
Actually the characters are transferred correctly, it's just that you are looking at unfamiliar coding. :-) -john