UBS Gold hCHF ETF CHF dis

What this fund is

UBS Gold hCHF ETF CHF dis is an exchange-traded fund (ETF) from UBS, traded under the ticker OAUH (ISIN CH0106027128). In a single purchase you get a diversified basket of holdings rather than a stake in just one business. In plain terms it is about tracking physical commodities like gold or oil, which often move differently from shares and are used to spread risk or hedge inflation, spread across its target market. Its largest holdings include GOLD OZ PHYSICAL.

By geography it is weighted towards ~100% Switzerland. It is typically held as a diversifier — a slice that behaves differently from mainstream shares — rather than as a portfolio's main engine. Its ongoing charge (TER) is 0.23% a year — about €23 a year on a €10,000 holding, taken automatically from the fund. Income such as dividends is paid out to you as cash (a distributing share class).

It holds the underlying investments directly (physical replication); it is domiciled in Switzerland and trades in CHF. Its price has swung about 26% over the past year — a gauge of how much the value moves, not a judgement of quality. It launched in 2009. As with any investment, its value can go down as well as up, and past performance is not a guide to future results. (Fund data sourced from UBS.)