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Glossary
UBS Fund Management (Switzerland) AG | This company serves as the management company of all UBS Investment Funds established under Swiss law and also acts as the representative of all UBS foreign-based funds in Switzerland vis-à-vis the investors and the supervisory authority. The management company is domiciled in Basel. |
Umbrella fund | An investment fund which comprises several subfunds. Together the subfunds form one single legal entity, meaning that only the umbrella fund needs to be submitted for authorisation. The subfunds are governed by the same fund regulations and prospectus. Once the umbrella fund has been approved, other subfunds can be created. All UBS Investment Funds domiciled in Luxembourg are umbrella constructions. Not to be confused with fund of funds. |
Underlying instrument | A financial instrument (security, currency, index, commodity, etc.), which forms the basis for an option or future. |
Unit | A unit is a security which evidences the investor’s right to participate in the assets and income of the fund in proportion to the units acquired. |
Unit certificate | Physical certificate which evidences a unit of an investment fund. In general, however, units exist as a book entries only. |
Important legal information - please read the disclaimer before proceeding.
Source: UBS Global Asset Management
UBS Global Asset Management does not assume any responsibility for the accuracy or correctness of the above glossary and its terms.
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