UBS Global Equities II

The investment objective of the actively managed sub-fund is the substantial appreciation of assets in the long term by seeking direct or indirect exposure to primarily global equities. The reference currency of the sub-fund is EUR.This actively managed sub-fund uses the Reference Benchmark Index, a composite of 90% MSCI World EUR-hedged and 10% MSCI Emerging Markets in Euro, as a reference for portfolio construction, performance comparisons and risk management. Whilst part of the portfolio may be invested in the same instruments and with the same weights as the Reference Benchmark Index, the Portfolio Manager may use their discretion to invest in companies not included in the Reference Benchmark Index in order to take advantage of specific investment opportunities. Therefore, the performance of the sub-fund may diverge strongly from the Reference Benchmark Index during periods of higher market volatility.In order to implement the investment strategy, the Portfolio Manager may invest in different types of investment instruments such as single equities, deposits, shares or units of UCITS or other UCI funds, UCITS eligible certificates, and derivative instruments.The sub-fund may gain strategic exposure to global equities, and may tactically develop a leveraged exposure (both long and short) to global equities markets through the use of derivatives, however, the tactical over-/underweights of individual equity markets may be implemented only to a limited extent.For liquidity purposes, the sub-fund may hold money market instruments, cash or cash equivalents.Sustainability risks are not systematically integrated on the basis of the investment strategy and the type of underlying investments.The return of the fund depends primarily on equity market development and their exchange rate fluctuations, as well as dividend payments.