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UBS (Lux) Bond SICAV - Emerging Economies Corporates (USD) P-acc
ISIN no.:  LU0896022034
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Overview  
Category profile
UBS Emerging Market Funds Investors are benefiting from above-average return opportunities over time, reducing risk exposure through diversification and investing with experienced professionals.

Fund description
The fund is broadly diversified and invests primarily in US dollar denominated emerging market corporate bonds.
The fund manager employs top-down macro and bottom-up fundamental research to develop investment themes.
The fund manager does not take risk in concentrated credit positions and limits exposure to interest rate risks.
Rigorous, quantitative risk management is essential to the investment process.

Key benefits
The fund allows you to tap into emerging economies’ growth potential.
The fund allows you to get well diversified exposure to corporate bonds issued by companies in various countries and industry sectors across emerging markets.
The fund offers daily liquidity.

Risks
The fund offers higher return potential than a high-quality fixed income portfolio and therefore bears a higher risk. Emerging markets are at an early stage of development, which can typically involve a high level of price volatility and other specific risks, such as lower market transparency, regulatory hurdles, corporate governance as well as political and social challenges. Long-term investments are subject to greater fluctuations in value than short- or medium-term investments and money market instruments. Changes in interest rates and credit spreads may have an impact on the fund’s value. The fund is denominated in US dollar, but may opportunistically invest in bonds denominated in euro. The fund can use derivatives, which may result in additional risks, particularly counterparty risk. All investments are subject to market fluctuations. Every fund has specific risks, which can significantly increase under unusual market conditions.

Product features
Product type
Open end
Product category
UBS Emerging Market Funds
Bonds
Product domicile
Luxembourg
Portfolio management
UBS Asset Management
Fund management
UBS Fund Management (Luxembourg) S.A.
Custodian bank
UBS Europe SE, Luxembourg Branch
Day of inception
April 26, 2013
Currency of account
USD
Close of financial year
May 31
Issue / redemption
daily
Distribution
Reinvestment
Management fee
1.44% p.a.
Total expense ratio (TER)
1.86% p.a.
Swing pricing
yes
Reference Index / Benchmark
JPM CEMBI Diversified

Current data
Net asset value
USD115.34
19/10/2017
High - last 12 months
USD115.34
19/10/2017
Low - last 12 months
USD106.59
25/11/2016
Assets of the unit class in mn
USD7.07
19/10/2017
Total product assets in mn
USD439.49
19/10/2017
Theoretical yield to worst (net)
2.36%
29/09/2017
Theoretical yield to maturity (net)
2.45%
29/09/2017
Modified duration
4.64
29/09/2017
Average remaining maturity
5.72 years
29/09/2017

Symbols
ISIN no.
LU0896022034
Bloomberg Ticker
UBSEPAC LX
Telekurs Id
n.a.

 
Performance chart (USD-based, as of October 19, 2017)
Indexed, Month-end values
Performance chart (USD-based, as of October 19, 2017)


Performance (in %, as of October 19, 2017)
in %
1
year
3
years
5
years
since
26/04/2013
USD
5.05
15.18
-
15.34
EUR
-2.81
24.06
-
26.76
These figures refer to the past. 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.
Peer group (as of September 30, 2017)
 
1
year
3
years
5
years
Fund (USD, in%)
4.50
14.97
-
Ø peer group (in %) 1)
6.71
10.06
-
Quartile ranking 2)
4
2
-
1)  Average performance Lipper Global Classification (LGC)
2)  Quartile 1,2,3,4; e.g.: 1= fund is part of the best 25% of all funds of the peer group
Peer group information. Peer group category used: LGC Bond Emerging Markets Global Corporates, based on mutual funds in the "MSCI Europe Developed Markets Universe" ex institutional and insurance funds, ETF's and Pension Trusts. Source and calculation: Lipper, a Thomson Reuters Company

By investment domicile (in %, as of September 29, 2017)
Chart

By the 10 largest positions (in %, as of September 29, 2017)
Petroleo Brasileiro SA
2.63
Republic of Argentina
1.94
YPF Sociedad Anonima
1.82
Teva Pharmaceuticals
1.76
Digicel Group Limited
1.57
Ecopetrol SA
1.38
Altice International Sarl
1.29
Bank of China
1.25
TC Ziraat Bankasi AS
1.23
Woori Bank
1.19
For marketing and information purposes by UBS. UBS funds under Luxembourg law. 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. 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
Source for all data and charts (if not indicated otherwise): UBS Asset Management
No responsibility is taken for the correctness of the information provided above.

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