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For marketing and information purposes by UBS. CNMV registration number (Comisión Nacional del Mercado de Valores): .  Representative in Spain for UBS funds established under foreign law: UBS Bank, S.A., MARÍA DE MOLINA, 4, E-28006 MADRID. Prospectuses, simplified prospectuses or Key investor information, the articles of association or the management regulations as well as annual and semi-annual reports of UBS funds are available free of charge from UBS, MARÍA DE MOLINA Nº 4, 28006 MADRID / AVENIDA DIAGONAL Nº 640, 2º A, E-08017 BARCELONA / FERNÁNDEZ Y GONZÁLEZ Nº 2, PLANTA PRINCIPAL, E-41001 SEVILLA / C/ROGER DE LAURIA Nº 7, 1ª PLANTA, 46002 VALENCIA / COSO Nº 33, 5º A, 50003 ZARAGOZA, CANTÓN PEQUEÑO 15, 4º, 15003 A CORUÑA. Before investing in a product please read the latest prospectus carefully and thoroughly. Units of UBS funds mentioned herein may not be eligible for sale in all jurisdictions or to certain categories of investors and may not be offered, sold or delivered in the United States. The information mentioned herein is not intended to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. Past performance is not a reliable indicator of future results. The performance shown does not take account of any commissions and costs charged when subscribing to and redeeming units. Commissions and costs have a negative impact on performance. If the currency of a financial product or financial service is different from your reference currency, the return can increase or decrease as a result of currency fluctuations. This information pays no regard to the specific or future investment objectives, financial or tax situation or particular needs of any specific recipient. The details and opinions contained in this document are provided by UBS without any guarantee or warranty and are for the recipient's personal use and information purposes only. This document may not be reproduced, redistributed or republished for any purpose without the written permission of UBS AG. Source for all data and charts (if not indicated otherwise): UBS Asset Management

Investment themes Increase your yield opportunities

Dividend and income investments with UBS ETFs

A consistent cash flow can be accessed through equity as well as fixed income. Our ETFs for yield-oriented investors enable access to higher-than-average yielding stocks and investment grade corporate bond yields, as well as currency hedged income. With UBS ETFs you can gain exposure to the top 100 dividend-paying companies from around the globe, pursue implicit dividend strategies by investing in value stocks or by timing dividends through the rotation of your exposure between cyclical and defensive sectors and find the optimal balance between attractive yield and credit quality in the corporate fixed-income space.

Sovereign bonds delivered higher yields than equity dividends from the 1970s until the mid-2000s. However, this has changed recently due to low inflation levels and record low interest rates in many developed economies. Figure 1 shows the historical dividend yields across developed economies, and the yields on default-free bonds (US treasuries with long and short maturities). Currently investors face similar low-yield environments in both traditional asset classes. This implies that yield from traditional assets and traditional benchmarks does not meet the investment objectives of income-oriented investors. Within equity, this concern can be addressed with a dividend-oriented strategy. In the bond universe investors need to look beyond sovereign debt in order to increase the yield potential in their portfolio.

Figure 1: Yields across assets (USD, 5Y averages)

The importance of dividends for equity investors cannot be stressed enough. Historically, dividend contributions to total return (which includes capital appreciation, cash dividends and share buybacks) amounted to between 1 and 4 percent annually. Figure 2 shows the power of dividend accumulation in the long-run, sourced from a dividend-oriented strategy, compared to a traditional benchmark. The 100 USD investment in January 1999 in the dividend-oriented Dow Jones Global Select Dividend would amount to 577 USD by mid 2014, as compared to a 235 USD return from the standard benchmark Dow Jones Global. The lower figure, with trailing drawdowns, demonstrates that the market risk profile of a dividend strategy moves in parallel to the broad market, showing better downside protection in early 2000s. 

Figure 2: The importance of dividends

UBS Asset Management offers investors an ideal way to gain direct exposure to global high yielding equities: the UBS ETF (IE) DJ Global Select Dividend UCITS ETF. This ETF invests in the top 100 dividend-yielding companies in developed equity markets around the globe.

In order to be eligible for the index, companies have to have favourable dividend profiles and pass several dividend-related screening criteria. For example, dividend growth must not be negative, and all dividend payments have to be comfortably covered by the company’s earnings.

Investing in value stocks is an indirect way to pick up higher-than-average dividends from the benchmark. Value stocks are characterized by low price-to-book and price-earnings ratios as well as high dividend yields. In contrast, growth stocks are assumed to have strong capital appreciation potential, and these stocks pay little or no dividends, as earnings are retained for future company expansion.

UBS Asset Management offers Exchange Traded Funds replicating the MSCI USA Value and MSCI EMU Value.

Another indirect way to gain exposure to higher-than-average yielding equities is to invest in those sectors of the stock market which have a link to the current business cycle. Cyclical sectors move in parallel to the business cycle and tend to outperform the broad market in positive economic times. In contrast, defensive sectors tend to behave stable in more turbulent times, and pay higher-than-broad-market dividends in stressed times. With these two offerings, investors can time capital appreciation and dividends along the business cycle movements. 

Record low interest rates in many developed countries are a double-edged sword for investors. On the one hand they have profited from the compression of yields over the last years through high total returns in many sectors of the global bond universe. On the other hand it grows increasingly difficult to find attractive yields nowadays. Under these circumstances, it is vital for investors to strike the right balance between risk and return: Prime grade 'default-free' government bonds such as US treasuries and German Bunds offer minimal yields, whereas seemingly attractive alternatives, such as high yield corporate bonds, might not provide enough compensation for the risk taken by the investor.

This particularly applies for high yield bonds with credit ratings below BB. These bond valuations would likely come under significant pressure, should the benign credit conditions and low default rates we currently see be replaced by a harsher environment. During credit-stressed periods, the valuation of low quality credit declines sharply, such that the average price return can be negative, and even when offset by a higher coupon return, the total return can be lower than the total return from investment grade bonds (see Figure 3).

Figure 3: Return decomposition across US corporate ratings  

UBS Asset Management offers investors a wide range of Exchange Traded Funds which track major corporate bond benchmark indices defined by high credit quality. They provide investors with benchmark exposure to the most important corporate fixed income markets in Europe and the USA. For investors who want to access the US bond market without incurring foreign exchange risk, share classes hedged to EUR and the CHF are available.

UBS ETFs invest in various asset classes

For example, equities, bonds, commodities, precious metals, hedge funds and real estate, and may therefore be subject to high fluctuations in value. An investment in these funds is therefore only suitable for investors with an investment horizon of at least five years and a corresponding risk tolerance/capacity.

Market fluctuations

Every fund has specific risks that may increase sharply in unusual market conditions. The net asset value of the fund therefore depends directly on the performance of the underlying index.

Losses

Losses are not offset. For more information about the risks, please see the prospectus and the Key Investor Information Documents (KIIDs).

Currency risks

If the currency of a financial product or financial service is not the same as your reference currency then the performance may increase or decrease due to currency fluctuations.

Risks of restricted or increased liquidity in the fund (liquidity risk)

There are risks that may negatively impact the liquidity of the fund. This may result in the fund temporarily or permanently being unable to meet its payment obligations or it temporarily or permanently being unable to fulfill redemption requests from investors. It may occur that the investors would not be able to hold the instrument for the planned holding period and the invested capital or parts thereof may be unavailable indefinitely. If liquidity risks are realized, it may also occur that the net asset value of the fund, and therefore also the unit value, would fall, for example if the company is forced, where legally permissible, to sell assets for the fund at below the market value.

Counterparty risk including credit/receivables risk

There are risks that may arise for the fund as part of a contractual relationship with another party (so-called counterparty). In this respect there is a risk that the contractual party may no longer be able to fulfill its obligations under the contract. These risks may negatively impact the performance of the fund and are therefore detrimental to the unit value and the capital invested by the investor. If the investor sells units in the fund at a time when a counterparty or central clearing counterparty has defaulted and therefore the value of the fund has been negatively impacted, it is possible that the investor may not receive all or any of the money he/she has invested in the fund. As such, the investor could lose some or even all of the capital invested in the fund.

Operational and other risks for the fund

Operational risks refer to risks that may, for example, arise as a result of insufficient internal processes as well as human or system errors at the company or external third parties. In particular, this includes risks resulting from criminal acts, misuse or natural disasters, legal or political risks, changes to tax conditions or custody risks. These risks may negatively impact the performance of the fund and are therefore detrimental to the unit value and the capital invested by the investor. If an investor sells units in the fund at a time when the prices of the assets contained in the fund are lower than when they were acquired, he/she may not receive all or any of the money he/she has invested in the fund. As such, the investor could lose some or even all of the capital invested in the fund.

Specific risks

Every fund has specific risks that may increase sharply in unusual market conditions.

These risks are not exhaustive. Investments in a product should be made only after careful study of the current prospectus and Key Investor Information Document (KIID). The distribution of this information is permitted only under the conditions provided by applicable law.

Select Global Dividends

Fundname ISIN Replication Fee Last NAV
Currency
Fact sheet

UBS ETF (IE) DJ Global Select Dividend UCITS ETF (USD) A-disIE00BMP3HG27

Physical

0.30%

9.5444 USD

Fund description

The fund aims to track, before expenses, the price and income performance of the Dow Jones Global Select Dividend Index.The fund invests in equities of the respective index.

Cyclical & Defensive Sectors

Fundname ISIN Replication Fee Last NAV
Currency
Fact sheet

UBS ETF (IE) MSCI EMU Cyclical UCITS ETF (EUR) A-disIE00BMP3HJ57

Physical

0.25%

21.674 EUR

Fund description

The fund aims to track, before expenses, the price and income performance of the MSCI EMU Cyclical Sectors Capped Index.The fund invests in equities of the respective index.

UBS ETF (IE) MSCI EMU Defensive UCITS ETF (EUR) A-disIE00BMP3HL79

Physical

0.25%

22.3648 EUR

Fund description

The fund aims to track, before expenses, the price and income performance of the MSCI EMU Defensive Sectors Capped Index.The fund invests in equities of the respective index.

Corporate Bonds

Fundname ISIN Replication Fee Last NAV
Currency
Fact sheet

UBS ETF – Bloomberg Barclays EUR High Quality Liquid Assets 1-5 Bond UCITS ETF (EUR) A-disLU1805389258

Physical

0.18%

10.8532 EUR

Fund description

The UBS ETF – Bloomberg Barclays EUR High Quality Liquid Assets 1-5 Bond UCITS ETF sub-fund aims to track, before expenses, the price and income performance of the Bloomberg Barclays Euro HQLA 1-5 Years Bond Index.The UBS ETF – Bloomberg Barclays EUR High Quality Liquid Assets 1-5 Bond UCITS ETF sub-fund will take an exposure on the components of its Index.

UBS ETF (LU) Bloomberg Barclays Euro Area Liquid Corporates 1-5 UCITS ETF (EUR) A-disLU1048314196

Physical

0.18%

13.5505 EUR

Fund description

The fund aims to track, before expenses, the price and yield performance of the Bloomberg Barclays Euro Area Liquid Corporates 1-5 Year Total Return Index.The fund invests in bonds of the underlying index, and provides exposure to investment grade, EUR-denominated securities issued by Eurozone corporate issuers operating in financial, industrial and utility sectors.

UBS ETF (LU) Bloomberg Barclays Euro Area Liquid Corporates 1-5 UCITS ETF (hedged to CHF) A-accLU1048314865

Physical

0.23%

13.2015 CHF

Fund description

The fund aims to track, before expenses, the price and yield performance of the Bloomberg Barclays Euro Area Liquid Corporates 1-5 Year (hedged to CHF) Total Return Index.The fund invests in bonds of the underlying index, and provides exposure to investment grade, EUR-denominated securities issued by Eurozone corporate issuers operating in financial, industrial and utility sectors.

UBS ETF (LU) Bloomberg Barclays Euro Area Liquid Corporates 1-5 UCITS ETF (hedged to USD) A-accLU1048314436

Physical

0.23%

14.9739 USD

Fund description

The fund aims to track, before expenses, the price and yield performance of the Bloomberg Barclays Euro Area Liquid Corporates 1-5 Year (hedged to USD) Total Return Index.The fund invests in bonds of the underlying index, and provides exposure to investment grade, EUR-denominated securities issued by Eurozone corporate issuers operating in financial, industrial and utility sectors.

UBS ETF (LU) Bloomberg Barclays MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) A-accLU1484799843

Physical

0.20%

14.2508 EUR

Fund description

The fund aims to track, before expenses, the price and yield performance of the Bloomberg Barclays MSCI Euro Area Liquid Corporates Sustainable Total Return Index.The fund invests in bonds of the underlying index, and provides exposure to investment grade, EUR denominated securities issued by Eurozone corporate issuers operating in financial, industrial and utility sectors.

UBS ETF (LU) Bloomberg Barclays MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (EUR) A-disLU1484799769

Physical

0.20%

13.8943 EUR

Fund description

The fund aims to track, before expenses, the price and yield performance of the Bloomberg Barclays MSCI Euro Area Liquid Corporates Sustainable Total Return Index.The fund invests in bonds of the underlying index, and provides exposure to investment grade, EUR denominated securities issued by Eurozone corporate issuers operating in financial, industrial and utility sectors.

UBS ETF (LU) Bloomberg Barclays MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (hedged to CHF) A-accLU1484800955

Physical

0.25%

13.7126 CHF

Fund description

The fund aims to track, before expenses, the price and yield performance of the Bloomberg Barclays MSCI Euro Area Liquid Corporates Sustainable hedged to CHF Index.The fund invests in bonds of the underlying index, and provides exposure to investment grade, EUR denominated securities issued by Eurozone corporate issuers operating in financial, industrial and utility sectors.

UBS ETF (LU) Bloomberg Barclays MSCI Euro Area Liquid Corporates Sustainable UCITS ETF (hedged to CHF) A-disLU1484800872

Physical

0.25%

13.5525 CHF

Fund description

The fund aims to track, before expenses, the price and yield performance of the Bloomberg Barclays MSCI Euro Area Liquid Corporates Sustainable hedged to CHF Index.The fund invests in bonds of the underlying index, and provides exposure to investment grade, EUR denominated securities issued by Eurozone corporate issuers operating in financial, industrial and utility sectors.

UBS ETF (LU) Bloomberg Barclays MSCI US Liquid Corporates Sustainable UCITS ETF (USD) A-disLU1215461085

Physical

0.20%

16.1169 USD

Fund description

The fund aims to track, before expenses, the price and yield performance of the Bloomberg Barclays MSCI US Liquid Corporates Sustainable Total Return Index.The fund invests in bonds of the underlying index, and provides exposure to investment grade, USD denominated securities issued by US corporate issuers operating in financial, industrial and utility sectors.

UBS ETF (LU) Bloomberg Barclays MSCI US Liquid Corporates Sustainable UCITS ETF (hedged to CHF) A-disLU1215461754

Physical

0.25%

14.0076 CHF

Fund description

The fund aims to track, before expenses, the price and yield performance of the Bloomberg Barclays MSCI US Liquid Corporates Sustainable Index (hedged to CHF).The fund invests in bonds of the underlying index, and provides exposure to investment grade, USD denominated securities issued by US corporate issuers operating in financial, industrial and utility sectors.

UBS ETF (LU) Bloomberg Barclays MSCI US Liquid Corporates Sustainable UCITS ETF (hedged to EUR) A-accLU1215461325

Physical

0.25%

14.9967 EUR

Fund description

The fund aims to track, before expenses, the price and yield performance of the Bloomberg Barclays MSCI US Liquid Corporates Sustainable Index (hedged to EUR).The fund invests in bonds of the underlying index, and provides exposure to investment grade, USD denominated securities issued by US corporate issuers operating in financial, industrial and utility sectors.

UBS ETF (LU) Bloomberg Barclays MSCI US Liquid Corporates Sustainable UCITS ETF (hedged to GBP) A-disLU1215461598

Physical

0.25%

10.171 GBP

Fund description

The fund aims to track, before expenses, the price and yield performance of the Bloomberg Barclays MSCI US Liquid Corporates Sustainable Index (hedged to GBP).The fund invests in bonds of the underlying index, and provides exposure to investment grade, USD denominated securities issued by US corporate issuers operating in financial, industrial and utility sectors.

UBS ETF (LU) Bloomberg Barclays US Liquid Corporates 1-5 UCITS ETF (USD) A-accLU1048315086

Physical

0.18%

15.4972 USD

Fund description

The fund aims to track, before expenses, the price and yield performance of the Bloomberg Barclays US Liquid Corporates 1-5 Year Total Return Index.The fund invests in bonds of the underlying index, and provides exposure to investment grade, USD denominated securities issued by US corporate issuers operating in financial, industrial and utility sectors.

UBS ETF (LU) Bloomberg Barclays US Liquid Corporates 1-5 UCITS ETF (USD) A-disLU1048314949

Physical

0.18%

14.1427 USD

Fund description

The fund aims to track, before expenses, the price and yield performance of the Bloomberg Barclays US Liquid Corporates 1-5 Year Total Return Index.The fund invests in bonds of the underlying index, and provides exposure to investment grade, USD denominated securities issued by US corporate issuers operating in financial, industrial and utility sectors.

UBS ETF (LU) Bloomberg Barclays US Liquid Corporates 1-5 UCITS ETF (hedged to CHF) A-accLU1048315755

Physical

0.23%

13.5089 CHF

Fund description

The fund aims to track, before expenses, the price and yield performance of the Bloomberg Barclays US Liquid Corporates 1-5 Year Total Return Index hedged to CHF.The fund invests in bonds of the underlying index, and provides exposure to investment grade, USD denominated securities issued by US corporate issuers operating in financial, industrial and utility sectors.

UBS ETF (LU) Bloomberg Barclays US Liquid Corporates 1-5 UCITS ETF (hedged to EUR) A-accLU1048315243

Physical

0.23%

14.2967 EUR

Fund description

The fund aims to track, before expenses, the price and yield performance of the Bloomberg Barclays US Liquid Corporates 1-5 Year Total Return Index (hedged to EUR).The fund invests in bonds of the underlying index, and provides exposure to investment grade, USD denominated securities issued by US corporate issuers operating in financial, industrial and utility sectors.

UBS ETF (LU) Bloomberg Barclays US Liquid Corporates 1-5 UCITS ETF (hedged to GBP) A-disLU1048315326

Physical

0.23%

13.6144 GBP

Fund description

The fund aims to track, before expenses, the price and yield performance of the Bloomberg Barclays US Liquid Corporates 1-5 Year Total Return Index (hedged to GBP).The fund invests in bonds of the underlying index, and provides exposure to investment grade, USD denominated securities issued by US corporate issuers operating in financial, industrial and utility sectors.

UBS ETF (LU) Bloomberg Barclays US Liquid Corporates interest rate hedged UCITS ETF (USD) A-disLU1589326013

Physical

0.05%

13.815 USD

Fund description

The UBS ETF – Bloomberg Barclays US Liquid Corporates UCITS ETF sub-fund aims to track, before expenses, the price and income performance of the Bloomberg Barclays US Liquid Corporates Duration Hedged Index Total Return (this sub-fund's "Index").The sub-fund is a feeder UCITS (the “Feeder Fund”). It invests at least 85% of its net assets in the (USD) A-dis share class of UBS ETF – Bloomberg Barclays US Liquid Corporates UCITS ETF, a sub-fund of the Company (the "Master Fund").

UBS ETF (LU) Bloomberg Barclays US Liquid Corporates UCITS ETF (USD) A-accLU1048316720

Physical

0.18%

12.4048 USD

Fund description

The fund aims to track, before expenses, the price and yield performance of the Bloomberg Barclays US Liquid Corporates Total Return Index.The fund invests in bonds of the underlying index, and provides exposure to investment grade, USD denominated securities issued by US corporate issuers operating in financial, industrial and utility sectors.

UBS ETF (LU) Bloomberg Barclays US Liquid Corporates UCITS ETF (USD) A-disLU1048316647

Physical

0.18%

16.0074 USD

Fund description

The fund aims to track, before expenses, the price and yield performance of the Bloomberg Barclays US Liquid Corporates Total Return Index.The fund invests in bonds of the underlying index, and provides exposure to investment grade, USD denominated securities issued by US corporate issuers operating in financial, industrial and utility sectors.

Value Style Investing

Fundname ISIN Replication Fee Last NAV
Currency
Fact sheet

UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (USD) A-disIE00BX7RR706

Physical

0.25%

21.2345 USD

Fund description

The fund generally invests in US large and mid cap stocks which are contained in the MSCI USA Prime Value 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 USA Prime Value Index net of fees. The stock exchange price may differ from the net asset value.

UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (hedged to CHF) A-accIE00BX7RRC57

Physical

0.35%

15.5827 CHF

Fund description

The fund generally invests in US large and mid cap stocks which are contained in the MSCI USA 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 MSCI USA Prime Value 100% hedged to CHF 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 US Dollar denominated asset in a currency other than US Dollars.

UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (hedged to EUR) A-accIE00BWT3KL42

Physical

0.35%

18.5012 EUR

Fund description

The fund generally invests in US large and mid cap stocks which are contained in the MSCI USA Prime Value 100% hedged to EUR 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 MSCI USA Prime Value 100% hedged to EUR 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 US Dollar denominated asset in a currency other than US Dollars.

UBS ETF (IE) Factor MSCI USA Prime Value UCITS ETF (hedged to GBP) A-disIE00BXDZNH00

Physical

0.35%

11.029 GBP

Fund description

The fund generally invests in US large and mid cap stocks which are contained in the MSCI USA Prime Value 100% hedged to GBP Total Return Net 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 USA Prime Value 100% hedged to GBP Total Return Net 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 US Dollar denominated asset in a currency other than US Dollars.

UBS ETF (IE) MSCI USA Value UCITS ETF (USD) A-disIE00B78JSG98

Physical

0.20%

74.9812 USD

Fund description

The fund generally invests in stocks contained in the MSCI USA Value 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 USA Value Index net of fees. The stock exchange price may differ from the net asset value.

UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF (EUR) A-disLU1215452928

Physical

0.28%

15.0758 EUR

Fund description

The fund generally invests in European large and mid cap stocks which are contained in the MSCI EMU Prime Value 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 Index net of fees. The stock exchange price may differ from the net asset value.

UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF (hedged to CHF) A-accLU1215453496

Physical

0.38%

13.2944 CHF

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 (LU) Factor MSCI EMU Prime Value UCITS ETF (hedged to GBP) A-disLU1215453819

Physical

0.38%

9.9177 GBP

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 GBP Total Return Net 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 GBP Total Return Net index net of fees. The stock exchange price may differ from the net asset value.

UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF (hedged to USD) A-accLU1215453736

Physical

0.38%

18.4813 USD

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 EMU Value UCITS ETF (EUR) A-disLU0446734369

Physical

0.25%

35.8003 EUR

Fund description

The fund generally invests in stocks contained in the MSCI EMU Value 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 Value Index net of fees. The stock exchange price may differ from the net asset value.