ETFs are exchange traded funds, quoted on the ASX. The units of an ETF trade like listed shares.
• Investor protection: ETFs are registered managed investment schemes and the assets are held separately with a custodian
• Flexibility: ETFs trade and settle like any ASX listed securities and can be bought and sold at any time during ASX trading hours
• Diversification: Easy access to a diversified portfolio of securities in one single transaction
• Transparency: Net asset values, intra-day NAV, portfolio structure, portfolio holdings and performance figures are publicly available
• Liquidity: Intra-day market making at the ASX and creation/redemption procedures on the primary market provide the depth to handle large volumes
Most ETFs replicate the performance of a market capitalisation index (e.g. S&P/ASX 200 Index). The UBS IQ Research Preferred Australian Share Fund ("Fund") tracks the performance of the UBS Research Preferred Index. This index typically includes 40 ASX listed securities that are rated by UBS equity research analysts. The UBS IQ Research Preferred Australian Share Fund combines the liquidity and flexibility benefits of an ETF with the insights and expertise of Australia's number one equity research team.¹
¹2012 East Coles Analyst Survey
You can trade UBS IQ ETF units on the ASX through a stock broker just like trading listed shares. You should contact your stock broker if you would like to acquire units in a UBS IQ ETF.
You can search for UBS IQ ETFs by typing the ticker code into your online broking account.
Yes. UBS IQ ETFs will generally distribute income if the underlying securities in the Fund distribute dividends or other income.
Distributions may be reinvested under the distribution reinvestment plan. If you do not make an election under the distribution reinvestment plan, we will automatically pay any distribution entitlement in cash to your nominated bank account. If you do not provide us with account details to enable us to pay distribution entitlements to your account via electronic funds transfer, you will be deemed to have elected to participate in the distribution reinvestment plan.
The UBS IQ Research Preferred Australian Share Fund management fee is 0.70% per annum of Fund net asset value. The management fee does not include brokerage cost and the bid/ask spread. Please consult the PDS for further details.
Any investment involves a number of risks. Generally, the higher the expected rate of return of an investment, the greater the risk and volatility of the returns. The trading price and the net asset value per unit may not be the same at any given time and may vary within a wide range.
Investors should consider their personal tolerance for variable returns before investing in the Fund. UBS Global AM does not guarantee any future returns on investment, distributions or return of capital. Your investment may decline in value. Please consult the PDS for further details on risks.
No. UBS IQ ETFs do not participate in securities lending.
Yes. UBS IQ ETFs are fully physically replicated by investing in the stocks of the underlying index.
ETFs generally provide greater liquidity when compared with unquoted managed fund investments because they can be bought and sold at any time during ASX trading hours.
The bid/ask spread for ETFs is the difference between the prices quoted by market makers for an immediate sale (ask) and an immediate purchase (bid). The investor pays the spread and the market maker earns the spread. This works in the same way as for ASX listed securities.
For a specific fund's holdings, please click on the relevant fund in the left hand menu and choose the 'Holdings' tab.
For a specific fund's index components please click on the relevant fund in the left hand menu.
For a specific fund's NAV please click on the relevant fund in the left hand menu.
Each ASX Business Day, the ASX calculates and publishes an indicative, intraday net asset value per unit (’iNAV’) based on data provided to the ASX by the Administrator. You can access the iNAV by typing ‘Y’ before the ticker code.
Administrative queries (such as change of address, change of bank account details, participation in the dividend re-investment plan) should be directed to Link Market Services.
Link Market Services Limited
Address: Locked Bag A14 Sydney South NSW 1235
Freecall: 1800 810 869
Telephone: (02) 8280 7179
Fax: (02) 9287 0303
UBS Global Asset Management (Australia) Ltd
State Street Australia Ltd is the Custodian and HSBC is the Sub Custodian
Link Market Services
UBS Global Asset Management (Australia) Ltd ABN 31 003 146 290, AFS Licence No. 222605 is the product issuer. This document has been prepared without taking into account your objectives, financial situation or needs. Before making an investment decision you need to consider whether this information is appropriate to your objectives, financial situation or needs. Any potential investor should consider the relevant Product Disclosure Statement in deciding whether to acquire, or continue to hold units in a fund. Please consult your financial adviser. The PDS is available from our website www.ubs.com/etf-australia or by calling Client Services on freecall 1800 023 043. Past performance is not a reliable indicator of future performance. © UBS 2012. All rights reserved.
The UBS Research Preferred Index (the “Index”) is a UBS Securities Australia Limited (UBS-SA) proprietary index. Any use of the Index or its name must be with the written consent of UBSSA. UBS-SA has agreed to the use of, and reference to the Index by the Responsible Entity of the UBS IQ Research Preferred Australian Share Fund (“Fund”) in connection with the Fund, but the Fund is not sponsored, endorsed or promoted by UBS-SA. No warranty, representation or guarantee, express or implied, is provided by UBS-SA in relation to the accuracy, completeness or reliability of the Index and associated data, nor in relation to the results to be obtained by use of the Index. UBS-SA, its related entities, directors, employees and agents accept no liability whatsoever for any loss or damage of any kind arising out of the use of all or part of the Index.
UBS Research Preferred Index (the “Index”) is the exclusive property of UBS Securities Australia Limited, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) (“S&P Dow Jones Indices”) to calculate and maintain the Index. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“SPFS”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and, these trademarks have been licensed to S&P Dow Jones Indices. “Calculated by S&P Dow Jones Indices” and its related stylized mark(s) have been licensed for use by UBS Securities Australia Limited and its affiliates. Neither S&P Dow Jones Indices, SPFS, Dow Jones nor any of their affiliates sponsor and promote the Index and none shall be liable for any errors or omissions in calculating the Index.
This website is intended for persons resident in Australia. UBS Global Asset Management (Australia) Ltd ABN 31 003 146 290, AFS Licence No. 222605 is the product issuer. Before making an investment decision, you need to consider whether this information is appropriate to your objectives, financial situation or needs. Any potential investor should consider the relevant PDS in deciding whether to acquire, or continue to hold units in a fund. Please consult your financial adviser. Past performance is not a reliable indicator of future performance.