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UBS (Lux) Equity Fund – China Opportunity USD

  • INVESTMENT OBJECTIVES

    The investment fund primarily invests in equities of Chinese companies. The portfolio is primarily focused on securities from large companies though strategically supplemented by securities from small and medium-sized companies.

    STRUCTURE

    This fund is highly actively managed equity fund based on a concentrated equity portfolio investing in selected Chinese companies. It also provides easy access to investment opportunities provided by a rapidly growing Chinese economy. Investors gain access to all classes of shares providing China equity exposure: A, B and H shares as well as Red Chips.

    MANAGEMENT

    The manager is given great flexibility to take focused views on the most attractive stocks and exploit the best opportunities, unconstrained by the reference index. Working on the basis of well-grounded analyses by our local investment specialists, the fund manager combines carefully selected equities of various companies from various countries and sectors with the objective of exploiting interesting return opportunities while keeping the level of risk under control.

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Overview

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Factsheet

  • NAV/Price: Click here for latest price

    Name of fund UBS (Lux) Equity Fund – China Opportunity (USD)
    Share class UBS (Lux) Equity Fund – China Opportunity (USD) P-acc
    ISIN LU0067412154
    Bloomberg SBCEHKI LX
    Currency of fund USD
    Currency of share class USD
    Fund type open-end
    Launch date 15.11.1996
    Issue/redemption daily
    Swing pricing yes
    Accounting year end 30 November
    Reference Index MSCI China (r)
    Distribution Reinvestment
    Management fee p.a. 1.87%
    Total expense ratio (TER) p.a.¹ 2.41%

    ¹as at 30.11.2016

    Performance (basis USD, net of fees)¹

    in %  1 year 3 years 5 years Ø p.a. 3 years Ø p.a. 5 years
    Fund (USD)  30.16  45.75 120.76 13.38 17.16
    Ref. Index² 30.60 27.29 53.15 8.38 8.90

    ¹These 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. Source for all data and charts (if not indicated otherwise): UBS Asset Management.

    ²Reference Index in currency of share class (without costs).

    Following the realignment of the UBS fund range, asset allocation for this fund was adjusted with effect from 19.7.2010. All performance details thus refer to the date of the repositioning.

  • Fund statistics

    Net asset value (USD, 31.05.2017) 1 052.96
    Last 12 months (USD)
    – high 1058.93
    – low 776.65
    Total fund assets (USD m) 1 681.92
    Share class assets (USD m) 1 175.87
    3 years 5 years
    Beta 0.93 0.87
    Volatility¹
    – Fund 21.16% 17.99%
    Reference Index 21.17% 18.52%
    Sharpe ratio 0.61 0.93
    Risk free rate 0.50% 0.38%

    ¹Annualised standard deviation

    Sector exposure (%)

     Fund Deviation from index
    Information Technology  31.51  -3.7
    Financial Services 19.49 -5.6
    Consumer Discretionary 16.44 6.1
     Health Care 14.23 12.2
    Real estate 5.47 1.2
    Industrials 4.26 -0.8
    Consumer Staples 3.23 1.3
    Energy 1.47 -4.1
    Telecommunication 0.77 -5.9
    Materials 0.33 -0.9
    Utility 0.00 -2.6
    Others 2.80 2.8

    10 largest equity positions (%)

     Fund
    Tencent Holdings Ltd 9.69
    TAL Education Group 9.36
    Alibaba Group Holding Ltd 8.86
    Ping An Insurance Group Co of 8.71
    Baidu Inc 4.76
    Shenzhen International Holding 3.86
    NetEase Inc 2.74
    Livzon Pharmaceutical Group In 2.59
    China Construction Bank Corp 2.12
    SSY Group Ltd 2.10

Legal Information

PERFORMANCE FIGURES QUOTED REFER TO THE PAST AND ARE NOT A GUARANTEE FOR FUTURE PERFORMANCE. THE VALUE OF THE INVESTMENTS INCLUDING CURRENCY FLUCTUATIONS, AND INCOME FROM THEM CAN GO DOWN AS WELL AS UP AND INVESTORS MAY NOT GET BACK THE FULL AMOUNT INVESTED. CALAMATTA CUSCHIERI INVESTMENT SERVICES LTD. IS LICENSED TO CONDUCT INVESTMENT SERVICES BUSINESS BY THE MFSA. INVESTORS MAY INCUR A SUBSCRIPTION CHARGE AND MAY BE SUBJECT TO TAX ON DISTRIBUTIONS. INVESTMENT SHOULD BE BASED ON THE PROSPECTUS AND KIID DOCUMENT, WHICH MAY BE OBTAINED FROM CCIS OFFICES. THIS IS NOT A CAPITAL GUARANTEED PRODUCT.