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Currency hedged Reduce currency risks 

Currency hedging

When it comes to your equity investments, we enable you to concentrate solely on the markets themselves. With the currency-hedged UBS ETFs based on equity indices, you hedge your portfolio against exchange rate fluctuations – cost effectively, efficiently and transparently. Investing with UBS ETFs allows for a secure currency hedging strategy. 

Your benefits of investing in UBS ETFs currency hedged at a glance

  • Reduced foreign currency risk.
  • Cost efficient access to currency hedged indices.
  • Transparent currency-hedging methodology with one month forward FX contracts.
  • Physical replication of the index market exposures.
  • Distributing and accumulating share classes available.
  • UCITs compliant fund structure.
  • Widest range of currency-hedged ETFs in Europe.*

Exchange rate fluctuations have many causes, whether central banks' monetary policy, external trade imbalances or unexpected political changes. In difficult phases in particular, these fluctuations can drive either profits or losses on stock markets.

With UBS ETFs, however, investors can concentrate completely on their equity strategies – UBS Asset Management offers you a wide range of physically replicated ETFs based on equity indices with currency hedging. This transparent currency hedging strategy helps you to reduce exchange rate risk and optimize your return opportunities.

Performance of MSCI Japan indices and JPY/CHF exchange rate

This example illustrates just how significantly currency fluctuations can impact returns: Calculated in Japanese yen (JPY), the MSCI Japan Index generated a return of 11.28% p.a. between March 2009 and March 2014. Due to exchange rate losses against the franc (CHF), however, Swiss investors only saw a return of 4.90% p.a. With currency hedging in CHF, the annualized return was 9.28%, almost twice as high.

With UBS ETFs, investors can hedge their portfolio in four currencies: Swiss francs (CHF), euros (EUR), US dollars (USD) and the pound sterling (GBP). The currency-hedged ETFs offer access to the equity markets in the Eurozone, the US, Switzerland, Japan, Australia and Canada. This allows UBS Asset Management to offer investors the widest range of currency-hedged ETFs in Europe.*

CHF

EUR

USD

GBP

MSCI Australia UCITS ETF

MSCI Australia UCITS ETF

MSCI Australia UCITS ETF

MSCI Australia UCITS ETF

MSCI Canada UCITS ETF

MSCI Canada UCITS ETF

MSCI Canada UCITS ETF

MSCI Canada  UCITS ETF

MSCI Japan UCITS ETF

MSCI Japan UCITS ETF

MSCI Japan UCITS ETF

MSCI Japan UCITS ETF

MSCI United Kingdom UCITS ETF

MSCI United Kingdom UCITS ETF

MSCI United Kingdom UCITS ETF

MSCI EMU UCITS ETF

MSCI EMU UCITS ETF

MSCI USA UCITS ETF

MSCI EMU UCITS ETF

MSCI USA UCITS ETF

MSCI USA UCITS ETF

MSCI Switzerland UCITS ETF

MSCI Switzerland UCITS ETF

MSCI Switzerland UCITS ETF

 

MSCI Switzerland

MSCI Switzerland

MSCI Switzerland

UBS ETFs hedge the foreign currencies of the replicated indices by selling foreign currency forwards at the one-month forward rate. The sum of the sold forwards as at the last trading day of the month corresponds to the market capitalization weighting of the equities contained in the index. These securities are valued in the respective currency two trading days before the first calendar day of the following month. The amount hedged remains constant over the entire month.

The overall return of a currency-hedged UBS ETF therefore comprises two components:

  1. The return of the non-currency-hedged index in the selected reference currency.
  2. The profit or loss arising from the forward contract in the selected reference currency

Source: MSCI. UBS Asset Management. For illustrative purpose only.

Currency hedged ETFs in focus

Fundname ISIN Replication Fee Last NAV
Currency
Fact sheet

UBS ETF (LU) MSCI UK hedged USD UCITS ETFLU0937837275

Physical

0.30%

13.3674 USD

pdf

Fund description

The fund generally invests in large and mid cap stocks which are contained in the MSCI United Kingdom index. The relative weightings of the components correspond to their weightings in the index.The investment objective is to replicate the price and yield performance of the MSCI United Kingdom100% hedged to USD.

UBS ETF (IE) MSCI USA Select Factor Mix UCITS ETFIE00BDGV0852

Physical

0.40%

15.991 GBP

pdf

Fund description

The investment objective is to replicate the price and return performance of the MSCI USA Select Factor Mix 100% hedged to GBP Index net of fees. The stock exchange price may differ from the net asset value.The fund generally invests in US stocks which are contained in the MSCI USA Select Factor Mix 100% hedged to GBP Index.

UBS ETF (LU) MSCI Japan Socially Responsible UCITS ETFLU1273489440

Physical

0.50%

11.4451 USD

pdf

Fund description

The fund generally invests in Japanese large and mid cap stocks contained in the MSCI Japan Socially Responsible 100% hedged to USD Index. The relative weightings of the companies correspond to their weightings in the index.The investment objective is to replicate the price and return performance of the MSCI Japan Socially Responsible 100% hedged to USD Index net of fees. The stock exchange price may differ from the net asset value.The purpose of the Currency Hedge is to limit the profit or loss generated from foreign exchange exposure when holding an JPY denominated asset in a currency other than JPY.

UBS ETF (LU) MSCI Canada UCITS ETFLU1130155432

Physical

0.43%

20.2649 CHF

pdf

Fund description

The fund generally invests in stocks contained in the MSCI Canada Index. The relative weightings of the companies correspond to their weightings in the index.The investment objective is to replicate the price and return performance of the MSCI Canada Index net of fees. The stock exchange price may differ from the net asset value.

UBS ETF (LU) Factor MSCI EMU Quality UCITS ETFLU1215452092

Physical

0.38%

17.0044 CHF

pdf

Fund description

The fund generally invests in European large and mid cap stocks which are contained in the MSCI EMU Quality 100% hedged to CHF Index. The relative weightings of the companies correspond to their weightings in the index.The investment objective is to replicate the price and return performance of the MSCI EMU Quality 100% hedged to CHF Index net of fees. The stock exchange price may differ from the net asset value.

UBS ETF (IE) MSCI ACWI Socially Responsible UCITS ETFIE00BDR55703

Physical

0.48%

10.5204 USD

pdf

Fund description

The fund generally invests in the MSCI ACWI SRI 5% Issuer Capped with Developed Markets 100% hedged to USD Index. The relative weightings of the companies correspond to their weightings in the index.The investment objective is to replicate the price and return performance of the MSCI ACWI SRI 5% Issuer Capped with Developed Markets 100% hedged to USD Index net of fees. The stock exchange price may differ from the net asset value.

UBS ETF (IE) MSCI United Kingdom IMI Socially Responsible UCITS ETFIE00BZ0RTB90

Physical

0.38%

10.274 CHF

pdf

Fund description

The fund generally invests in stocks contained in the MSCI UK IMI Extended SRI 5% Issuer Capped 100% hedged to CHF Index. The relative weightings of the companies correspond to their weightings in the index.The investment objective is to replicate the performance of the MSCI UK IMI Extended SRI 5% Issuer Capped 100% hedged to CHF Index.The stock exchange price may differ from the net asset value.

UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETFLU1215453496

Physical

0.38%

14.0601 CHF

pdf

Fund description

The fund generally invests in European large and mid cap stocks which are contained in the MSCI EMU Prime Value 100% hedged to CHF Index. The relative weightings of the companies correspond to their weightings in the index.The investment objective is to replicate the price and return performance of the MSCI EMU Prime Value 100% hedged to CHF Index net of fees. The stock exchange price may differ from the net asset value.

UBS ETF (IE) MSCI Australia UCITS ETFIE00BWT3KS11

Physical

0.50%

14.6826 EUR

pdf

Fund description

The fund generally invests in large and mid cap stocks which are contained in the MSCI Australia 100% hedged to EUR index. The relative weightings of the components correspond to their weightings in the index.The investment objective is to replicate the price and yield performance of the MSCI Australia 100% hedged to EUR.The purpose of the Currency Hedge is to limit the profit or loss generated from foreign exchange exposure when holding an Australian Dollar denominated asset in a currency other than AUD.

UBS ETF (LU) MSCI Japan hedged CHF UCITS ETFLU0950672120

Physical

0.45%

13.5583 CHF

pdf

Fund description

The fund generally invests in large and mid cap stocks which are contained in the MSCI Japan hedged to CHF index. The relative weightings of the components correspond to their weightings in the index.The investment objective is to replicate the price and yield performance of the MSCI Japan hedged to CHF.

UBS ETF (LU) MSCI Switzerland 20/35 hedged to EUR UCITS ETFLU0979892220

Physical

0.30%

16.3794 EUR

pdf

Fund description

The fund invests in large and mid cap stocks which are contained in the MSCI Switzerland 20/35 hedged to EUR index.The relative weightings of the components correspond to their weightings in the index.The investment objective is to replicate the price and yield performance of the MSCI Switzerland 20/35 hedged to EUR.

UBS ETF (LU) MSCI Europe UCITS ETFLU1589328068

Physical

0.30%

12.4095 GBP

pdf

Fund description

The fund generally invests in stocks contained in the MSCI Europe Index. The relative weightings of the companies correspond to their weightings in the index.The investment objective is to replicate the price and return performance of the MSCI Europe hedged to GBP Index net of fees. The stock exchange price may differ from the net asset value.

UBS ETF (IE) MSCI USA hedged EUR UCITS ETFIE00BD4TYF66

Physical

0.19%

22.5298 EUR

pdf

Fund description

The fund generally invests in large and mid cap stocks which are contained in the MSCI USA hedged to EUR index. The relative weightings of the components correspond to their weightings in the index.The investment objective is to replicate the price and yield performance of the MSCI USA 100% hedged to EUR.

UBS ETF (LU) MSCI Canada UCITS ETFLU1130155861

Physical

0.43%

21.2495 USD

pdf

Fund description

The fund generally invests in stocks contained in the MSCI Canada Index. The relative weightings of the companies correspond to their weightings in the index.The investment objective is to replicate the price and return performance of the MSCI Canada Index net of fees. The stock exchange price may differ from the net asset value.

UBS ETF (LU) MSCI UK hedged CHF UCITS ETFLU0950671072

Physical

0.30%

17.7403 CHF

pdf

Fund description

The fund generally invests in large and mid cap stocks which are contained in the MSCI United Kingdom index.The relative weightings of the components correspond to their weightings in the index.The fund invests in shares and currency hedges according to the respective composition of the index.The investment objective is to replicate the price and yield performance of the MSCI United Kingdom100% hedged to CHF.

UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETFLU1215453736

Physical

0.38%

19.7482 USD

pdf

Fund description

The fund generally invests in European large and mid cap stocks which are contained in the MSCI EMU Prime Value 100% hedged to USD Index. The relative weightings of the companies correspond to their weightings in the index.The investment objective is to replicate the price and return performance of the MSCI EMU Prime Value 100% hedged to USD Index net of fees. The stock exchange price may differ from the net asset value.

UBS ETF (LU) MSCI Japan hedged to USD UCITS ETFLU0979891768

Physical

0.45%

22.1774 USD

pdf

Fund description

The fund invests in large and mid cap stocks which are contained in the MSCI Japan hedged to USD index.The relative weightings of the components correspond to their weightings in the index.The investment objective is to replicate the price and yield performance of the MSCI Japan hedged to USD.

UBS ETF (IE) MSCI Australia UCITS ETFIE00BXDZNQ90

Physical

0.50%

16.2127 GBP

pdf

Fund description

The fund generally invests in large and mid cap stocks which are contained in the MSCI Australia 100% hedged to GBP index. The relative weightings of the components correspond to their weightings in the index.The investment objective is to replicate the price and yield performance of the MSCI Australia 100% hedged to GBP.The purpose of the Currency Hedge is to limit the profit or loss generated from foreign exchange exposure when holding an Australian Dollar denominated asset in a currency other than AUD.

UBS ETF (IE) MSCI ACWI Socially Responsible UCITS ETFIE00BDR55D61

Physical

0.48%

9.2258 CHF

pdf

Fund description

The fund generally invests in the MSCI ACWI SRI 5% Issuer Capped with Developed Markets 100% hedged to CHF Index. The relative weightings of the companies correspond to their weightings in the index.The investment objective is to replicate the price and return performance of the MSCI ACWI SRI 5% Issuer Capped with Developed Markets 100% hedged to CHF Index net of fees. The stock exchange price may differ from the net asset value.

UBS ETF (LU) MSCI UK hedged EUR UCITS ETFLU0937836970

Physical

0.30%

16.4754 EUR

pdf

Fund description

The fund generally invests in large and mid cap stocks which are contained in the MSCI United Kingdom index.The relative weightings of the components correspond to their weightings in the index.The fund invests in shares and currency hedges according to the respective composition of the index.The investment objective is to replicate the price and yield performance of the MSCI United Kingdom100% hedged to EUR.


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