ubs china opportunity fund

UBS Switzerland AG has a robust collateral setup which is in line with the FINMA Collective Investment Schemes Ordinance.UBS ETFs receive collateral with a collateral value of at 105% of the market value of the lent securities. The materials on this Website are distributed by UBS Asset Management (Singapore) Ltd (company registration number: 199308367C), which is licensed by Monetary Authority of Singapore ("MAS") in Singapore pursuant to the Securities and Futures Act (Chapter 289). The content of this agreement is the transfer of the ETF's cash flows to the swap counterparty, which in return guarantees the performance of the tracked index to the ETF. Latest News. A Division of NBCUniversal. The billionaire stepped down this year as co-chief investment officer. This content is for members only. The collateral assets serve to secure the borrower's obligations to the lender. In the event an investor chooses not to seek advice from a financial adviser, the investor should consider whether the Sub-Fund is suitable for him. The optimized physical replication method can be utilized to increase liquidity and minimize tracking error. IHT-friendly shares have not done well but Chinas demand for meat will protect this company. All key trading and other information can be viewed on an intraday basis or in real time. The courts of Singapore shall have exclusive jurisdiction to hear and determine any suit, action or proceeding, and to settle any disputes, which may arise out of or in connection with these Terms and, for such purposes, you agree to submit to the jurisdiction of the courts of Singapore. A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction, and risk management techniques in an attempt to improve performance, such as short selling, leverage, and derivatives. Investors benefit from UBS being one of the few asset managers with a truly global investment platform, The experienced portfolio management team can leverage local investment expertise in the Chinese market via our joint venture UBS SDIC in China. What is the maximum amount lent from a fund for UBS ETFs? UBS recommends that you independently evaluate particular investments and strategies and seek independent advice from a financial adviser regarding the suitability of such investment products, taking into account your specific investment objectives, financial situation and particular needs, before making a commitment to purchase any investment products. This week, Xi and U.S. President Joe Biden met in person for the first time since Biden took office. In addition, UBS, its officers and/or employees may buy or sell investment products as principal or agent and may effect transactions which are not consistent with the information set out in this Website. 1. The ETF enters into a fully funded swap with the swap counterparty. IHT-friendly shares have not done well but Chinas demand for meat will protect this company. "Because the old people are vulnerable and not protected and because the medical system is not prepared to adequately handle lots of old people with COVID, this is not an easy problem to solve, though it can be handled in a more targeted way, which is in the works," he said. A number of these securities are not very liquid or have only minimal impact on the performance of the Index due to their low weighting. Who are the securities lending borrowing counterparties for Swiss-domiciled UBS ETFs? Dalio said the leadership changes mean most of the people he knew who were "reformist-globalists" are being replaced. 3. The document highlights primary market activities relevant for UBS ETFs, the largest secondary market trades, a market review as well as a look at the week ahead. It allows the benefits of a collective investment fund yet trades like a share. Enjoy reading and share your comments. Morgan Stanley turns bullish on China stocks, giving them serious upside potential, Deutsche upgrades Estee Lauder, says cosmetics stock will get a boost from China reopening in 2023, UBS reveals global stocks that will win or lose when China reopens. Advisory services, research, and access to global capital markets for corporate and institutional clients. Do UBS ETFs use multiple swap counterparties and how can investors be assured that the swap pricing agreement is competitive? The swap counterparty pledges the exact index performance (less a fee drag) in return. Read the latest Bitcoin and Ethereum news from Decrypt. Published Mar 15, 2022. China's real estate debt problems and their spillover "into the bones of the economy" is one of the biggest challenges for the country, Dalio said, noting that real estate accounts for about a quarter of the economy and 70% of wealth. 'result' : 'results'}}, Total Impact Measurement & Management (TIMM), ESG (Environmental, Social and Governance), Edge | The PwC international Deals graduate programme, {{filterContent.filtersDisplayNames[filterContent.menuOrder[key]]}}, {{filterContent.dataService.numberHits}} {{filterContent.dataService.numberHits == 1 ? This content is for members only. The UBS Funds are managed by the investment management teams of UBS Asset Management (Americas) Inc., who adhere to a consistent and disciplined investment philosophy. What are the key characteristics of ETFs? Please confirm you are a US resident to proceed. Securities lending transactions of UBS ETFs are fully collateralized. No more guesswork - Rank On Demand Global markets, topical issues and timely allocation ideasfrom the UBS Chief Investment Office. Actual future results may prove to be different from expectations and any unforeseen risk or event may arise in the future. Like a traditional fund, an ETF is a mutual fund and thus unaffected by any insolvency of the ETF provider. ETFs do not incur any issue or redemption surcharges - just the transaction costs of buying and selling an ETF. This website uses cookies to make sure you get the best experience on our website. Find the latest business news on Wall Street, jobs and the economy, the housing market, personal finance and money investments and much more on ABC News Securities lending for ETFs domiciled in Luxembourg and IrelandFor UBS ETFs, domiciled in Luxembourg and Ireland, that engage in securities lending, the following types of collateral are currently accepted: Source: State Street, July 29, 2014 * The level of collateralisation depends on the individual securities lending and the collateral used. For additional information, please visitfundinfo.com. A haircut is a valuation discount applied to the underlying securities. What are the specifics of a physical replication of an index? Once the collateral has been received by the lending agent, the lent/borrowed securities are transferred to the borrower. This Website and its contents are provided on an as is and as available basis. UBS Asset Management (Singapore) Ltd may assign our rights under the Terms to any third party. The ETF pledges the performance of the basket to the swap counterparty. In the case of optimized physical replication, the ETF holds a sample of the securities in the underlying index. You should be aware that investments may increase or decrease in value and that past performance is not indicative of future performance. "I am told that He Lifeng will likely be Liu He's replacement and is likely to be less austere, as his track record is in building infrastructure financed by debt," Dalio said. Since then, a steadily increasing number have become available. The lender (i.e. We help more people save through partnerships with leading financial institutions and state governments. "I want to emphasize that none of the new people appear to be extremists," Dalio said. The opinions expressed are a reflection of UBS Asset Managements best judgment at the time of posting, and any obligation to update or alter any forward-looking statement as a result of new information, future events, or otherwise is disclaimed. Find out how top athletes and entertainers are planning for life after the spotlight, Watch the all-new season of PlayersTVs Front Office, presented by UBS. Published Mar 15, 2022. UBS Asset Management does not guarantee the accuracy, suitability or completeness of information contained on this website, and all such information, including but not limited to performance data and related metrics, is subject to change without notice. Three reasons to look at fixed income again Finding the sweet spot; Will renewable tech save the world? Temporary Mail Service Disruptions to Certain Countries Due to the COVID-19 Pandemic. The ETF invests in a securities portfolio and exchanges its performance for that of the index. The UBS Funds are managed by the investment management teams of UBS Asset Management (Americas) Inc., who adhere to a consistent and disciplined investment philosophy. Clemens Reuter, Global Head of ETF & Index Fund Client Coverage. Townhall is the leading source for conservative news, political cartoons, breaking stories, election analysis and commentary on politics and the media culture. It serves as an additional safety buffer and varies depending on the type of securities pledged as collateral and their expected price fluctuations. Load more articles. You fully understand and agree that, by making available this Website, UBS should not be construed as making: (a) any endorsement of any investment product referred to in this Website; (b) any representation that UBS has performed any due diligence on any investment product referred to in this Website; or (c) any representation that the information in this Website is complete, accurate, clear, fair and not misleading. Invest in liquid and well-diversified fixed income market segments such as corporates, sovereign or Emerging Markets debt. UBS ETFs calculate the indicative net asset value every 15 seconds during normal trading hours. Haircuts and margin* A 5% margin is added to the market value of the lent securities to determine the collateral requirement. You can find more information under the Privacy Statement. The Prospectus can also be obtained free of charge from UBS AM SG, or from any of our authorized distributors as listed in our website. You can benefit from our status as one of the most experienced European ETF providers. Investment capabilities across traditional and alternative asset classes for private clients, intermediaries and institutional investors. Get the latest on cryptocurrency prices, breaking news, and more about Bitcoin and blockchain. According to the European fund UCITS directive and the Swiss CISA, securities lending may be up to 100%. Government bonds not issued in the US, Japan, UK, Germany or Switzerland must have at least an "A" rating or equivalent, Corporate bonds with minimum rating of "A" or equivalent, Equities issued by companies represented on the following indices: AEX, ATX, BEL20, CAC, DAX, INDU, UKX, HEX25, KFX, OMX, OBX, SMI, SPI, SPX, SX5E. A poor ETF execution can be costly and negate the benefits of the ETF wrapper in terms of transparency, liquidity and certainty of execution. You may not assign your rights under the Terms without our prior written consent. Using, copying, redistributing or republishing any part of this document without prior written permission from UBS Asset Management is prohibited. The information in this document does not constitute advice and does not take into consideration your investment objectives, legal, financial or tax situation or particular needs in any other respect. Smaller stocks havent been this cheap since 2008 and this fund picks the best ones. Investors should read the Singapore prospectus (Prospectus) for further details before deciding to subscribe for or purchase units in the Sub-Fund, a copy of which can be downloaded from our website. The UBS Funds are managed by the investment management teams of UBS Asset Management (Americas) Inc., who adhere to a consistent and disciplined investment philosophy. How can you minimize securities lending risk for ETFs? We offer high quality index replication strategies, supported by a seasoned and skilled portfolio management team. Get the latest on cryptocurrency prices, breaking news, and more about Bitcoin and blockchain. By. WRAL - NBC News Channel 5 - Raleigh breaking news, North Carolina news today, WRAL weather forecasts, NC lottery updates. Ask Paul Krugman; Five key investment takeaways from COP27; Potential market surprises in 2023; Turning positive? China Boosts Lockdowns, Closes Manufacturing Hubs as Covid-19 Cases Jump. The use or reliance on any such information contained in this Website is at your own risk and any losses which may be suffered as a result of you entering into any investment are for your account and UBS shall not be liable for any losses arising from or incurred by you in connection therewith. You can find more information under the Privacy Statement. No person or entity who is not a party to the Terms shall have any right under the Contracts (Rights of Third Parties) Act, Chapter 53B of Singapore or other similar laws to enforce any term of the Terms regardless of whether such person or entity has been identified by name, as a member of a class or as answering a particular description. The collateral held is returned to the borrower only after the securities have been returned to the ETF. 1. DIY Seo Software From Locustware Is Exactly What You Need! For Swiss-domiciled ETFs, a valuation haircut is additionally applied to the underlying collateral. The ETF enters into a swap agreement with an investment bank, the swap counterparty. Who is the securities lending agent for UBS ETFs? UBS reveals global stocks that will win or lose when China reopens The billionaire stepped down this year as co-chief investment officer from the hedge fund he founded, Bridgewater Associates. The ETF total expense ratio is expressed retroactively as a percentage of the average fund assets and is calculated in accordance with the guidelines on the calculation and disclosure of the TER of collective investment schemes. Investors are able to act on market views within seconds. You are free to change your cookies' settings in the privacy settings. UBS Opportunity Equity Funds invest in equities and may therefore be subject to high fluctuations in value. The UBS Funds are managed by the investment management teams of UBS Asset Management (Americas) Inc., who adhere to a consistent and disciplined investment philosophy. ETF fees are lower than traditional mutual funds however they do have a wide variety of different pricing terms. Everyone deserves to feel financially secure. "The good thing is that sensible people, who are still most people in power, understand that this would be terrible.". "How these policy makers will balance the trade-offs and regulate is now unknown and probably imagined to be more dangerous than whatever they will actually do.". They are unaffected by any insolvency of the ETF provider or custodian bank as the fund's assets are not included in the bankruptcy estate. This website uses cookies to make sure you get the best experience on our website. Indices are based on theoretical calculations, however, which means that costs incurred in practice, for example, for the purchase or sale of securities represented in the index are not reflected in the index calculation. Were closer than you think, find out here. Past performance is not a reliable indicator of future results. In just one transaction, investors can access numerous markets through our broad selection of ETFs across equity, fixed income, commodity, precious metal, and real estate asset classes. UBS Asset Management (Singapore) Ltd (Company Registration No. The borrower pays the lending agent the preagreed lending fee. Focus on systematic factor indices to track markets in a more sophisticated way than following market capitalization alone, while striving for diversification benefits. As of the quarter ended Sept. 30, Bridgewater had about $1.2 billion invested in Chinese stocks, mostly U.S.-listed names such as Baidu, Dada Nexus and Pinduoduo, according to a filing with the U.S. Securities and Exchange Commission. Were a network of firms in 152 countries with nearly 328,000 people who are committed to delivering quality in assurance, advisory and tax services. Copying, editing, modifying, distributing, sharing, linking or any other use (whether for commercial purposes or otherwise) of this material, other than personal viewing, without UBS's prior written permission is strictly prohibited. Download the UBS SEC Notification to read the entire communication. The long-awaited catalyst for China equities; Answering the top China investment questions; What goes up. WRAL news in Raleigh, NC The worlds top athletes are back in business. To protect the ETF against UBS counterparty risk, UBS Switzerland AG provides collateral according to stringent FINMA regulations (Collective Investment Schemes Ordinance). Yes, some UBS physically replicated ETFs domiciled in Luxembourg, Ireland and Switzerland participate in securities lending. All rights reserved. In compliance with the June 24, 2020 guidance of the SECs Division of Trading and Markets and Division of Investment Management, UBS Financial Services Inc. has taken the following steps to deliver regulatory-required documents to client households with mailing addresses in countries Temporary Mail Service Disruptions to Certain Countries Due to the COVID-19 Pandemic. Fund performance is net of fees. Before transferring money or sharing personal details, please contact UBS (or relevant bank) by telephone. Have a look at our ETF Capital Markets Weekly. UBS reserves the right to change, modify, add or remove content on the website as well as these terms at any time for any reason without notice. In addition, securities lending transactions of UBS ETFs are always overcollateralized to a minimum of 105%. Smaller stocks havent been this cheap since 2008 and this fund picks the best ones. Because ETFs track an index, you can cover an entire market with just a single transaction. By. Got a confidential news tip? The information and opinions contained in this Website is based upon information obtained from sources believed to be reliable and in good faith but no responsibility is accepted for any misrepresentation, errors or omissions. About PwC. Find latest news from every corner of the globe at Reuters.com, your online source for breaking international news coverage. In addition, any statements regarding investment performance expectations, risk and/or return targets do not constitute a representation or warranty that such expectations or targets will be achieved. The ETF has immediate access to the collateral in the event that the swap counterparty defaults on its obligations. Moreover, only a minimal management fee is charged. Online Services (US Client Account Access), Corporate & Institutional Clients Americas, Corporate & Institutional Clients (International). Hello, and welcome to Protocol Entertainment, your guide to the business of the gaming and media industries. You are free to change your cookies' settings in the privacy settings. Latest News. Fund Administration 2022; Japan Report 2022; Future 40 2022; Tech-enabled Investing; PEI Awards 2021; GP-led Secondaries report 2022; Responsible Investment Report 2022; Emerging Markets Report 2021; Diversity, Equity & Inclusion; Africa; Legal Report 2021; Private Equity Fundraising Reports; Private Equity Investor Reports; LP Perspectives. UBS 2022. "Even then, it will leave some scars, which will likely be more good than bad in the long run because the lessons will stick," he said. If you are already a UBS client, please contact your UBS advisor. Investors gain access to all classes of shares providing China equity exposure: A, B and H shares as well as Red Chips. A new team of world-class athletes hears pitches from entrepreneurs with a range of exciting businesses. Everyone deserves to feel financially secure. Explore how other athletes and entertainers are successfully making the transition to a second career and see our framework for your success. Ahead of this, please review any links you have to fsa.gov.uk and update them to the relevant fca.org.uk links. Any statements made regarding investment performance objectives, risk and/or return targets shall not constitute a representation or warranty that such objectives or expectations will be achieved or risks are fully disclosed. Markets category Bank of China offers loans to ease Chinese Markets category Fidelity gets Chinese regulatory approval for retail fund business, article with image 1:20 PM UTC. The products, services, information and/or materials contained within these web pages may not be available for residents of certain jurisdictions. How closely an ETF tracks the performance of its underlying index is therefore critical. UBS can be contacted in the UK at: 0207 567 8000 Collateral is held in the name of the lender in a segregated collateral account which is remote from the bankruptcy estate of UBS Switzerland AG. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. The borrower returns the securities once the demand is fulfilled, or earlier if the lender liquidates a position. Roughly 95% of the fund assets are used by the ETF to purchase a basket of securities, the asset portfolio. Ideally, the performance of the ETF differs from that of the index solely in the costs and fees incurred. We help more people save through partnerships with leading financial institutions and state governments. ETF spreads also vary in relation to ETF activity. Get all the latest India news, ipo, bse, business news, commodity only on Moneycontrol. Availability of Q-share classes as per prospectus, A:Belgium, Great Britain, Guernsey, Ireland, Isle of Man, Jersey, Netherlands, B: Andorra, Austria, Brazil, Bulgaria, Chile, Colombia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxemburg, Malaysia, Malta, Mexico, Monaco, Norway, Peru, Poland, Portugal, Romania, Singapore, Slovakia, Slovenia, Spain, Sweden, Switzerland, Thailand, C: Liechtenstein, Spain, Switzerland, Taiwan, United States of America*), *) USA: for nominee investors, acting in their own name and exclusively on behalf of clients who are not US Persons. About PwC. UBS (LUX) EQUITY FUND - ASIAN CONSUMPTION (USD), UBS (LUX) EQUITY FUND - CHINA OPPORTUNITY (USD), UBS (LUX) EQUITY FUND - GREATER CHINA (USD), UBS (LUX) EQUITY FUND - SINGAPORE (USD) (the "Fund") is a Luxembourg open-ended investment fund. Careful selection of borrowers and daily mark-to-market valuation of collateral serve to minimize risk. All such information and opinions are subject to change without notice. By. The investment services or products referred to in this Website may not be suitable for all investors. US, EU agree to intensify talks on green subsidies dispute Tue, Dec 6, 2022 at 7:59 am; Australias central bank raises key interest rate to 3.1% Tue, Dec 6, 2022 at 7:58 am; Justices spar in latest clash of free speech and same-sex rights Mon, Dec 5, 2022 at 1:11 pm In terms of trading volume, it is by far the largest market in the The Luxembourg regulator requires a minimum collateralization of 90%; however, UBS ETFs overcollateralize to 105%. The MAS assumes no responsibility for the contents of the Prospectuses. Reduce your carbon exposure and drive your portfolio to a net-zero future with our cost-effective, rules-based MSCI Climate Paris-Aligned and Climate Aware ETF solutions. Nothing in this document should be construed as advice or a recommendation to buy or sell units in the Sub-Fund. UBS Switzerland AG will return the securities to the ETF upon termination of the loan, or if the ETF wishes to regain the securities, for example in case of a sale. Ray Dalio, founder of Bridgewater Associates, received an award from the China General Chamber of Commerce-USA in February 2022. Each investment product and service referred to on this website is intended to be made available only to residents in Singapore. Partner with one of the worlds fastest growing ETF managers with the expertise to deliver a wide range of solutions to meet your needs, and experience earned from over 30 years of excellence. The latest Lifestyle | Daily Life news, tips, opinion and advice from The Sydney Morning Herald covering life and relationships, beauty, fashion, health & wellbeing The ETF invests only in those securities represented in the index that are needed to achieve a performance very close to that of the index. China Boosts Lockdowns, Closes Manufacturing Hubs as Covid-19 Cases Jump. You are free to change your cookies' settings in the privacy settings. The ETF also enters into an unfunded swap agreement with the swap counterparty to exchange the returns of this portfolio for the desired index performance. Securities-lending revenues are reflected in the NAV, directly reducing the net cost to investors. Click on the links below to find the funds available in your jurisdiction, and to access legal and regulatory documentation. UBS ETFs only have credit risk towards UBS Switzerland AG, but not to street-side borrowers. Mutual funds are sold by summary prospectus or prospectus, which include more complete information on risks, charges, expenses and other matters of interest. Each party hereby waives any objection which it might at any time have to the courts of Singapore being nominated as the forum to hear and determine any proceedings and to settle any disputes and agrees not to claim that the courts of Singapore are not a convenient or appropriate forum. The ETF has immediate access to the collateral in the event that the swap counterparty defaults on its obligations. This website uses cookies to make sure you get the best experience on our website. Where permitted and operationally possible, we use multiple FX counterparties to facilitate our FX execution. Due to these characteristics, ETFs can be used as part of an investment strategy in a variety of ways: for long-term growth, for short-term trading opportunities and for hedging part of a portfolio. An exchange traded fund (ETF) is an investment fund that tracks the performance of its underlying index and can be bought and sold on the stock exchange. Costs are defined as all expenses in the income statement, including management, administration, custody, auditing, legal and advisory fees (operating expenses). Login to Read More Join Now. Federal Reserve Interest Rate Hikes in Investors' Crosshairs. State Street acts as lending agent. The risk associated with precise index tracking is transferred from the ETF to the swap counterparty. The swap counterparty owes the exact index performance (less a fee drag). Everyone deserves to feel financially secure. WRAL - NBC News Channel 5 - Raleigh breaking news, North Carolina news today, WRAL weather forecasts, NC lottery updates. "The people being added are loyal strongmen who appear to be capable and have demonstrated track records of being willing to do the unpopular things," Dalio said. Collateral and lending positions are marked to market every day. Get this delivered to your inbox, and more info about our products and services. State Street also provides default indemnification in the event that a borrower is unable to return securities. At PwC, our purpose is to build trust in society and solve important problems. In ETF securities lending, the lender (UBS ETFs) transfers a certain number of securities from the ETF portfolio to a third party (borrower) for an agreed period in return for a fee. UBS Asset Management (Singapore) Ltd is part of the Asset Management business division of UBS Group AG. Please be vigilant if you are contacted by an unknown party with investment opportunities. An exchange traded fund (ETF) is an investment fund that tracks the performance of its underlying index and can be bought and sold on the stock exchange. China Boosts Lockdowns, Closes Manufacturing Hubs as Covid-19 Cases Jump. At PwC, our purpose is to build trust in society and solve important problems. Liu He, a vice premier, has led trade talks with the U.S., while heading the financial stability committee. The information about the Sub-Fund provided in this document does not constitute an offer or solicitation to deal in units of the Sub-Fund or investment advice or recommendation. The swap counterparty transfers collateral to the ETF in the form of G10 government bonds, supranational bonds and cash. The amount of collateral transferred is subject to haircuts and the collateral assets are held in a segregated account at an external custodian bank in the name of the ETF (transfer of ownership). Our ranking as Passive Manager of the Year 2021 at the Insurance Asset Risk EMEA Awards was the latest in a stream of awards for our ETF capabilities over recent years. The fund performance represents all costs relevant to the fund and all income flows into the fund. Finding the sweet spot; Will renewable tech save the world? December 6, 2022 Global Health Limiteds Initial Public Offering. How the election will impact taxes, inflation, healthcare and more. WRAL news in Raleigh, NC Please consult the sales restrictions relating to the products or services in question for further information. After 8 years, the fsa.gov.uk redirects will be switched off on 1 Oct 2021 as part of decommissioning. of corporate and institutional clients in Switzerland. IS2005944 UBS 1998 - 2022. The collateral value of a security is equal to its market value less a haircut as per the below table: Government bonds issued by US, JP, UK, DE, CH, Government bonds with a minimum rating of "A" (excluding US, UK, DE, CH), Corporate bonds with at least an 'A" rating. UBS employs two different swap structures in synthetic replication: the fully funded swap and a combined model (total return swap and asset portfolio with fully funded swap). The website contains general information about UBS Asset Management (Americas), Inc., UBS Hedge Fund Solutions LLC, and UBS O'Connor LLC, collectively known as "UBS Asset Management". This document is intended for limited distribution and only to the extent permitted under applicable laws in your jurisdiction. Payments are agreed and made on a monthly basis. 2023 will be a year of inflections as investors try to identify the turning points for inflation, interest rates, growth, and financial markets against a complex geopolitical backdrop. Like a traditional fund, an ETF is a mutual fund and thus unaffected by any insolvency of the ETF provider. UBS Switzerland AG re-uses the borrowed securities in line with demand from street-side borrowers and from UBS-internal sources. Theofficial NAV reflects the price in which investors can buy or sell units in theFund. Load more articles. 2022 CNBC LLC. The funds referred to in this Website have been authorised or recognised by the MAS for sale to the public in Singapore (the Funds). Find out more and tell us what matters to you by visiting us at www.pwc.com. in SGD. Published Mar 15, 2022. Using, copying, redistributing or republishing any part of this Website without prior written permission from UBS is prohibited. Since for example indices tracking only the stock market of a single country apply different criteria for index replication compared to an index containing stocks from multiple countries, the criteria for an exact index replication differ from index to index. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. As such, securities lending enables the fund to generate additional revenues, which are reflected in the net asset value (NAV) and directly reduce net costs to investors as a result. Perspectives matter. No more guesswork - Rank On Demand Looking To Improve Your Website's Search Engine Optimization? For all synthetic UBS ETFs, the UBS Investment Bank is the exclusive counterparty for all OTC swap transactions. This means that the full market value of the collateral will in any case exceed the total value of the securities lent. Any statements made regarding investment performance objectives, risk and/or return targets shall not constitute a representation or warranty that such objectives or expectations will be achieved or risks are fully disclosed. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. UBS ETFs are available on a wide range of underlying asset classes such as equities, bonds, commodities, precious metals and real estate and offer investors access to numerous markets with just one transaction. Please consult the sales restrictions relating to the products or services in question for further information. Investors should read the summary prospectus and prospectus carefully before investing. Securities lending transactions of UBS ETFs are overcollateralized to a minimum of 105%. UBS Fund Management (Luxembourg) S.A. is the responsible person for the Fund and the Fund's sub-fund, UBS (LUX) EQUITY FUND - ASIAN CONSUMPTION (USD), UBS (LUX) EQUITY FUND - CHINA OPPORTUNITY (USD), UBS (LUX) EQUITY FUND - GREATER CHINA (USD), UBS (LUX) EQUITY FUND - SINGAPORE (USD) (the "Sub-Fund") recognised under Potential for profit is accompanied by possibility of loss. Fill in an inquiry form and leave your details well be back in touch. Investment involves risks. Blackstone chief defends real estate fund amid rush for withdrawals. In order to protect the ETF against the risk of the swap counterparty defaulting on its obligations, the swap counterparty transfers collateral to the ETF in the form of G10 government bonds, supranational bonds and cash. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. If you are in any doubt about any of the contents of this document, you should obtain independent professional advice. Diversify your portfolio with our cost-effective and liquid commodity focused ETFs. You can find more information under the Privacy Statement. The firm has a subsidiary in China. Fill in an inquiry form and leave your details well be back in touch. Investors should read all available product information carefully before making an investment decision, including information about applicable risks, fees and expenses. The products, services, information and/or materials contained within these web pages may not be available for residents of certain jurisdictions. Who are the securities lending borrowing counterparties for Luxembourg-domiciled UBS ETFs? *Please refer to the Prospectus for more information on the risks associated with investments in financial derivative instruments and the Sub-Fund's volatility. Ron Day. {{contentList.dataService.numberHits}} {{contentList.dataService.numberHits == 1 ? The securities lending agent for Luxembourg-domiciled ETFs is State Street Bank International GmbH, Munich, Germany, and State Street Bank and Trust Company. Please consult the sales restrictions relating to the products or services in question for further information. Ahead of this, please review any links you have to fsa.gov.uk and update them to the relevant fca.org.uk links. Get our latest market outlook from Solita Marcelli, Chief Investment Officer Americas, UBS Global Wealth Management. All Rights Reserved. Before transferring money or sharing personal details, please contact UBS (or relevant bank) by telephone. Find latest news from every corner of the globe at Reuters.com, your online source for breaking international news coverage. Please be vigilant if you are contacted by an unknown party with investment opportunities. Sign up for free newsletters and get more CNBC delivered to your inbox. The information does not constitute advice and does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. Blackstone chief defends real estate fund amid rush for withdrawals. Investors may wish to seek independent advice from a financial adviser before making a commitment to invest in the Sub-Fund). Meet the members of the team responsible for UBS Asset Managements strategic direction. ETFs are easy to buy and sell - including on an intraday basis. For these reasons, UBS ETFs utilize a variety of index replication methods. Blackstone chief defends real estate fund amid rush for withdrawals. The registration of the Prospectuses by the MAS does not imply that the SFA or any other legal or regulatory requirements have been complied with. U.S. oil prices drop 3%, pressured by China demand uncertainty, rise in domestic product stocks Provided by Dow Jones Dec 7, 2022 8:15 PM UTC MarketWatch Securities lending for Swiss-domiciled ETFsFor Swiss-domiciled UBS ETFs that engage in securities lending, the following types of securities are currently accepted as collateral (excluding securities of the borrowing counterparty): Source: UBS Switzerland AG, September 20, 2021. We want to hear from you. In our brochure, we provide an overview of our ETF offering in this space, which are a result of our sustainability ambition and commitment to the low-carbon transition. At PwC, our purpose is to build trust in society and solve important problems. This website is not intended for persons located in any jurisdiction where the availability of this website is prohibited or contrary to local law or regulation or would subject any UBS entity to any registration or licensing requirement in any such jurisdiction. Fees received from the market borrower are shared according to a pre-agreed fee split arrangement between the UBS ETF and UBS Switzerland AG. No more guesswork - Rank On Demand About PwC. :199308367C) has been appointed as the Singapore representative ("UBS AM SG"). AZB & Partners advised the book running lead managers on the deal. UBS2022 - the key symbol and UBS are among the registered and unregistered trademarks of UBS. Market commentary, product information and related performance data available on this website has been compiled from sources believed to be reliable and is provided in good faith for informational purposes only. The borrower pays the ETF a fee for the duration of the securities lending period. 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