UBS Asset Management Canada

The information on this page is meant for Investment Advisers. This website is not designed for the purpose of providing personal financial or investment advice. Nothing on the this website should be construed as a solicitation or offer, or recommendation, to acquire or dispose of any investment or to engage in any other transaction. Information provided does not take into account your particular investment objectives, financial situation or investment needs. Unitholders should discuss all matters relating to the Trust with their Investment Adviser.

The materials in the web links under Fund Highlights and Strategy Update may utilize materials which are based on a U.S. investment strategy that may be different with the strategy employed for the Trust (e.g., no Canadian dollar currency exposure).

Any reference to historical investment performance is for information purposes only and is not indicative of future performance.


UBS (Canada) Canadian Equity Fund

The Canadian Equity Fund is invested primarily in shares of large Canadian corporations. These are in the form of common or preferred shares, convertible securities, rights, warrants, private placements, pooled funds, equity related derivatives, cash and short term securities. Anywhere from 5 to 20 per cent of the portfolio is invested in securities of smaller growth companies via the UBS (Canada) Small Capitalization Fund.

Investment strategy

Investment strategy

The manager's investment philosophy for the Fund is based on the premise that over time the real worth, or intrinsic value, of any security is defined by the present value of its future cash flow. Our research process seeks to define these future cash flows, our valuation model calculates the intrinsic value, and then we compare intrinsic value to market price. The Fund invests in securities of companies that the Manager believes are undervalued, based on fundamental research, internally developed valuation systems and seasoned investment judgment. The objective of the Fund is to outperform the S&P/TSX Composite Index over moving four year periods.



Expected returns from equity markets over short periods of time are very unpredictable. Fund Returns will be largely influenced by the returns of the S&P/TSX Composite.

Since 1980, annual returns for the Canadian stock market have varied between -33 and +34 per cent.



The Fund is suited for investors with a long-term outlook (minimum 5 to 10 years). Investment in the U.S. and international equity markets provides additional diversification, thus lowering the overall risk profile of the portfolio. Historically, investors willing to accept the higher short-term risk in the stock market have been rewarded with higher long-term returns (compared to less risky investments).