How to trade ETFs on the stock exchange
UBS Exchange Traded Funds (ETFs) can be bought and sold on the stock exchange just as easily as listed equities. Simply contact your bank or your broker, who will gladly assist you in buying or selling the securities you would like at the best price on the stock exchange.
UBS ETFs are traded on stock exchanges in Zurich, Frankfurt, Milan and London.
In addition to the official net asset value (NAV), which is determined once a day for traditional investment funds, the so-called indicative net asset value (iNAV) is calculated for UBS Exchange Traded Funds during regular trading hours. The iNAV is used for real-time valuation of the fund's assets and serves as reference price for buying and selling. You can access the iNAV at www.ubs.com/etf during regular trading hours.
Prices and other information for UBS ETFs are also found on the websites of the SIX Swiss Exchange, Deutsche Börse, Borsa Italiana and London Stock Exchange.
Trading UBS ETFs over the counter
OTC (over-the-counter) trading
Big-ticket orders (from CHF 0.5 million) can be traded directly over the counter (OTC) through a market maker or authorized participant. This makes it possible to conclude big-ticket transactions highly efficiently in various currencies at low cost.
NAV trading (net asset value)
NAV trading is likewise reserved for larger orders. Investors trade ETFs through a market maker or authorized participant at the official net asset value, plus transaction costs. The current cut-off times must be met for NAV orders.
Purchasing units or shares of UCITS ETFs on the secondary market
UCITS ETF’s units or shares purchased on the secondary market cannot usually be sold directly back to UCITS ETF. Investors must buy and sell units or shares on a secondary market with the assistance of an intermediary (e.g. a stockbroker) and may incur fees for doing so. In addition, investors may pay more than the current net asset value when buying units or shares and may receive less than the current net asset value when selling them.