UBS ETF In order to proceed, you must confirm that you are a qualified or institutional investor based in the United Kingdom.

It is not aimed at, and must not be relied upon by, Retail Clients. This website is not directed at persons in any other jurisdiction, including the United States. This information is not an invitation to subscribe for units or shares in the funds described herein and is by way of information only.

UBS does not give investment advice or recommendations in respect of its product range.

This web site includes both regulated and unregulated products. You should be aware that unregulated products do not carry the same degree of protection as regulated products. Unregulated schemes may only be marketed to clients in accordance with Chapter 4 of the FCA’s New Conduct of Business Sourcebook (COBS) and the Financial Services and Markets Act 2000 (Promotion of Collective Investment Schemes) Exemptions Order 2001, as amended.

Please note that this webpage gives Professional Investors access to the entire UBS ETF product offering. Therefore, some products on this webpage may NOT be authorized, recognised or registered for public offering neither in your country and as the case may be nor in any other country. No public marketing must be carried out for it. No marketing material must be handed out to clients on any occasion. The presentation of marketing material in client halls is strictly forbidden. Reference to these funds in client mailings must not be made. In case that you don't want or are not allowed to see the full ETF range, please do not proceed. Enter this site as Private Investor.

This website is a marketing communication. Any market or investment views expressed are not intended to be investment research. The website has not been prepared in line with the FCA requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research. The information contained in this website should not be considered a recommendation to purchase or sell any particular security and the opinions expressed are those of UBS Asset Management and are subject to change without notice. Furthermore, there can be no assurance that any trends described in this website will continue or that forecasts will occur because economic and market conditions change frequently.

Persons who access the material made available by UBS Asset Management at this website ("UBS website”) agree to the following

The entire content of this UBS website is subject to copyright with all rights reserved. You may download or print out a hard copy of individual pages and/or sections of the UBS website, provided that you do not remove any copyright or other proprietary notices. Any downloading or otherwise copying from the UBS website will not transfer title to any software or material to you. You may not reproduce (in whole or in part), transmit (by electronic means or otherwise), modify, link into or use for any public or commercial purpose, the UBS website without the prior written permission of UBS.

While UBS uses reasonable efforts to obtain information from sources which it believes to be reliable, UBS makes no representation that the information or opinions contained on the UBS website is accurate, reliable or complete. The information and opinions contained in the UBS website are provided by UBS for personal use and informational purposes only and are subject to change without notice. Nothing contained on the UBS website constitutes investment, legal, tax or other advice, nor is to be relied on in making an investment or other decision. You should obtain relevant and specific professional advice before making any investment decision.

The past is not a guide to the future performance of an investment. The value of investments may fall as well as rise and investors may not get back the amount invested. Changes in rates of foreign exchange may cause the value of investment to go up or down.

The levels of and reliefs from taxation may change. Tax reliefs referred to are those currently available and their value depends on the circumstances of the individual investor. Although an investment held within an ISA may be free of further tax to the investor, the fund itself may have incurred other forms of taxation.

  • The annual management fees of the funds featured on this website may be charged wholly or partly to the capital of the fund. Where this is the case, whilst it will increase the fund’s yield, it will cause erosion of the capital value and affect the performance of the fund.
  • The yield on income funds may vary and you should contact UBS or your financial adviser to obtain up to date figures.
  • Some UBS funds may invest in emerging markets, this involves a high degree of risk and should be seen as long term in nature.
  • Smaller companies funds may invest in companies which may be less liquid than larger companies and subsequent price swings may be greater as a result.
  • Some funds may use derivatives as part of their investment process. Such instruments are inherently volatile and the fund could be potentially exposed to additional risks and costs.

Nothing on the UBS 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.

The information and opinions contained on the UBS website is provided without any warranty of any kind, either express or implied.

In no event, including (without limitation) negligence, will UBS be liable for any loss or damage of any kind, including (without limitation) any direct, special indirect or consequential damages, even if expressly advised of the possibility of such damages, arising out of or in connection with the access of, use of, performance of, browsing in or linking to other sites from the UBS website.

The UBS Group and/or its directors, officers and employees may have or have had interests or positions or traded or acted as market makers in relevant securities. Furthermore, such entities or persons may have or have had a relationship with or may provide or have provided corporate finance or other services to or serve or have served as directors of relevant companies.

The UBS website is not directed to any person in any jurisdiction where (by reason of that person’s nationality residence or otherwise) the publication or availability of the UBS website is prohibited. Persons in respect of whom such prohibitions apply must not access the UBS website.

Telephone calls to UBS Asset Management may be recorded for your protection.

Information provided by you will be held in confidence by UBS Asset Management (UK) Ltd, UBS Asset Management Funds Ltd and its properly appointed agents and will not be passed on to other product or service companies. Your information may be used to send you information on other products and services offered by UBS Asset Management, a division and subsidiary of UBS AG. If you prefer not to receive such information please contact UBS Asset Management. The use of your personal information is governed by the Data Protection Act 1998.

All of the material on this UBS website is directed only at UK residents and is not to be regarded as an offer to buy or sell, or the solicitation of any offer to buy or sell securities in any other jurisdiction other than the United Kingdom.

UBS Asset Management (UK) Ltd and UBS Asset Management Funds Ltd, are both registered in England, subsidiaries of UBS AG and are authorised and regulated by the Financial Conduct Authority. The registered office of UBS Asset Management is 21 Lombard Street, London, EC3V 9AH.

Multi-asset portfolio UBS ETF MAP Balanced 7 SF UCITS ETF combines a broadly diversified portfolio with carefully considered risk management.


A complete asset management solution via a single investment product - and with the low fees of an index fund. UBS ETF MAP Balanced 7 SF UCITS ETF provides investors with the opportunity to invest in equities, bonds, commodities and cash through the basis of a multi-asset investment strategy. Carefully considered risk management ensures that price fluctuations remain within the predetermined limits. The strategy is implemented in four steps. 

Learn step by step how you can create a multi asset portfolio

The multi-asset strategy of UBS ETF UBS ETF MAP Balanced 7 SF UCITS ETF is based on a dynamic multi-stage allocation process. This ensures that:

  • Your portfolio is well diversified
  • Market risk remains under control at all times
  • The asset allocation can be adjusted tactically in line with market conditions in an appropriate manner 
  • The value of the portfolio does not fluctuate too much – but not too little, either

Find out in detail how these individual steps work:

Multi-stage allocation strategy  of UBS ETF MAP Balanced 7 SF UCITS ETF

Figure 1: The multi-stage allocation strategy of UBS ETF MAP Balanced 7 SF UCITS ETF; Source: UBS

The UBS MAP Balanced 7 strategy adheres closely to the traditional principles of risk management (diversification). The multi-asset portfolio comprises four different asset classes:

Each of these asset classes has its own risk return profile, which comes to the fore during different phases of the market cycle.

The active portfolio is made up of equities, bonds and commodities. Its primary objective is to enhance the value of the portfolio. The portfolio's equity component contains blue chips companies from Europe and the US and is represented by the Euro Stoxx 50 and S&P 500 equity indices. The bond portfolio replicates the performance of five-year and ten-year government bonds from the US and the Eurozone. Finally, the commodities allocation replicates the performance of the UBS Bloomberg CMCI Composite TR. This index offers investors broad diversification across 27 different commodities. The cash component serves as a reserve asset in phases of heightened stress.

Structuring the multi-asset portfolio

The second portfolio construction component ensures that the market risks within the multi-asset portfolio remain under control. At regular rebalancing dates, each asset class weight in the active portfolio is adjusted in such a way that its contribution to the portfolio's overall risk remains the same as that of other asset classes. This is the principle of risk parity.

This means that asset classes subject to greater price fluctuations (volatility) are given a lower weighting in the portfolio than less risky asset classes. If the volatility of one asset class falls relative to the others, its portfolio weighting is increased, and vice versa.

The principle of risk parity

Equities and commodities in particular offer investors the chance of high returns. However, higher returns go hand in hand with the risk of substantial losses should there be a financial market crisis.

In order to curb this risk, the UBS Multi-Asset Portfolio possesses a further risk management mechanism. During times of heightened market stress, this mechanism shifts the assets invested in the two risky asset classes of equities and commodities into cash.

To estimate the sentiment on the global financial markets, the UBS Multi-Asset Portfolio Balanced 7 strategy uses the UBS Dynamic Equity Risk Indicator (DERI). This indicator measures various market factors. A single value is then generated, which makes it possible to see whether market sentiment is positive (bullish), neutral or negative (bearish).

Risk Management with UBS DERI

The final step is the fine-tuning of portfolio risk: The target volatility objective of the UBS MAP Balanced 7 strategy is an annualized volatility of 7%.

In order to achieve this goal as close as possible, the balance between the active portfolio and cash can be dynamically adjusted on a daily basis and as soon as the portfolio's actual level of volatility either falls below 6% or exceeds 8%.

If the realized volatility of the strategy is lower than desired, investments can be made in the Multi Asset Portfolio with leverage up to a strategy total exposure of 200%. If, however, the level of volatility of the strategy is too high, the cash weighting is increased.

How the volatility control of the UBS MAP Balanced 7 Strategy works

UBS ETF MAP Balanced 7 SF UCITS ETF (USD) A-acc bundles the UBS MAP Balanced 7 strategy in a single UCITS-compliant fund. For a total expense ratio (TER) of 0.73% per year, investors receive an investment solution with a US -dollar hedge that can be traded at all times. The solution meets UBS's high requirements in terms of replication quality, liquidity and transparency.

Full details can be found in the two-pager on UBS ETF MAP Balanced 7 SF UCITS ETF (USD) A-acc.

UBS ETF MAP Balanced 7 SF UCITS ETF (EUR) A-acc is particularly interesting for investors from the Eurozone. The ETF represents a multi-asset strategy with a hedging of the euro. The total expense ratio (TER) of this asset class is also 0.73% per year.

Full details can be found in the two-page of UBS ETF MAP Balanced 7 SF UCITS ETF (EUR) A-acc.

Multi Asset investing in focus

Get to know us - we gladly assist you in finding the answers you need