The UBS Multi Asset Defensive Growth Fund (GBP) (the "Fund") is an actively managed Fund that seeks to achieve returns from capital growth and income. The Fund employs a systematic rule based risk management approach with the aim of reducing losses.
The Fund invests in a mix of transferable securities including domestic and international bonds and equities. To a lesser extent the Fund may also invest in other financial instruments, including warrants, money market instruments, deposits, cash and near cash and alternative asset classes, including (but not limited to) real estate and infrastructure. Typically the Fund will have a bias to bonds relative to equities.
The Fund may invest directly or via other funds (including exchange traded funds (ETFs)), which may be managed by UBS and at times may be predominantly invested via other funds.
The Fund may use derivatives (financial instruments whose value is linked to an underlying asset or index) with the aim of increasing returns, reducing risks or minimising costs. The use of derivatives may occasionally be significant.
The systematic rule based risk management approach is a defensive mechanism, which aims to reduce losses. Losses are not expected to exceed approximately 10% (gross of fees) within a rolling 12 month period. This does not constitute a guarantee over any time period. Investors should be aware that capital is at risk and certain factors could lead to losses greater than 10% (gross of fees) within a rolling 12 month period. Such factors include but are not limited to significant market turbulence and unforeseen market conditions.