UBS Alternative Funds offer a reduction of portfolio volatility, broad diversification to spread risks and innovative products managed by investment experts.
A global equity strategy seeking performance by exploiting what the managers believe are mispriced stocks. 'Short' positions (benefit from an expected fall) are taken in stocks considered over-valued and 'long' positions (benefit from an expected rise) are taken in stocks considered under-valued. The search for mispriced stocks covers developed and emerging markets.
The 'gross exposure' (total of 'longs' and 'shorts') indicates total exposure to markets and is typically 125 to 200% of capital.
The 'net exposure' ('longs' less 'shorts') is a measure of the Fund's exposure to market change and is typically 20 to 40%.
The exchange rate risk between EUR and USD is largely hedged.
An investment strategy that aims to produce returns driven by stock selection while achieving some downside protection in declining equity markets.
Maximising opportunities from unique and uncorrelated sources of performance.
The Fund offers daily liquidity.
The Fund delivers both long and short exposure to equities, in order to reduce the volatility of the portfolio relative to a common long only fund. Despite the expected reduction in volatility, the Fund can still be subject to high fluctuations in value. As the fund uses derivatives & sophisticated leverage techniques, investors must be willing to bear the additional risk involved. Other risks include counterparty, operational and currency risk although portfolio positions are hedged back to the Fund's EUR base currency unless stated otherwise. GBP hedged share classes aim to mitigate fluctuations in the GBP/EUR exchange rate for GBP based investors.
UBS Alternative Funds
UBS Long Short Funds
UBS Asset Management, Chicago
UBS Fund Management (Luxembourg) S.A.
J.P. Morgan Bank (Ireland) Plc
Representative for products established under foreign law
UBS Fund Services (Luxembourg) S.A.
Currency of account
Close of financial year
Issue / redemption
Total product assets in mn
Performance (in %, as of January 17, 2018)
The performance shown does not take account of any commissions, entry or exit charges.
These figures refer to the past. Past performance is not a reliable indicator of future results.
Additional fees (e.g. entry or exit fees) may be charged by the Distributor. Please refer to your financial adviser for more details. For a definition of financial terms refer to the glossary available at www.ubs.com/glossary
For marketing and information purposes by UBS. 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 Fund Services (Luxembourg) S.A., P.O. Box 91, L-2010 Luxembourg or from UBS Europe SE, Luxembourg Branch, P.O. Box 2, L-2010 Luxembourg. The fund documentation is available free of charge in English and, where relevant, in one of the local language(s) where the fund is registered. 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