Co-Portfolio Managers: Stuart Newman and John Byrne
The UBS FTSE RAFI Developed 1000 Index Fund (“the Fund”) is an index tracking fund that seeks to deliver performance that is consistent with that of the FTSE RAFI Developed 1000 QSR Total Return Net GBP Index ("the Index") before the deduction of management fees and fund expenses over the business cycle (minimum 5 years). Index constituents of FTSE RAFI indices are weighted using a composite of four fundamental factors (RAFI fundamental score): sales, dividends, free cash flow and book equity value. FTSE RAFI Developed 1000 QSR Index comprises the largest 1,000 developed world stocks by RAFI fundamental score.
There is no guarantee that the Fund will deliver positive returns over this, or any time period or that the Fund will completely match the performance of the Index.
The Fund will invest predominantly in the constituents of the Index. However, where investments do not fully replicate the Index, the Fund may invest in companies which, in the Manager's opinion, are reasonably expected to become part of the Index, or in cash.
The Fund will replicate the risk exposures of the Index on an efficient basis by investing all or substantially all of its assets in the components of the Index. The Fund aims to have an Anticipated Tracking Error of up to 0.5% per annum. The Anticipated Tracking Error is a target and is not guaranteed.
UBS – Delivering flexible passive solutions
Passive management has been a capability in our firm for over 30 years; we set up one of the first index-tracking funds in the UK in 1979. Experienced investment professionals around the globe manage passive portfolios across asset classes including equities, fixed income and commodities against both regional and global benchmarks.
We believe passive investing requires manager skill, experience and technology to achieve the best performance possible whilst closely tracking the underlying benchmark.
To construct a portfolio that delivers the return of the underlying benchmark with very low tracking error by controlling risk and minimising costs.
Why choose UBS to help you achieve your passive objectives?
“With our proprietary portfolio management platform coupled with our risk management tools, we have the controls in place for efficient passive management. We believe this, in conjunction with our 30 year experience in managing passive assets, sets us apart from many of our competitors.”