UBS Gold hEUR ETF EUR dis

What this fund is

UBS Gold hEUR ETF EUR dis is an exchange-traded fund (ETF) from UBS, traded under the ticker 0VQN (ISIN CH0106027144). 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.

Its biggest country exposures are ~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. It is a distributing share class — dividends are paid to you as cash rather than reinvested.

It holds the underlying investments directly (physical replication); it is domiciled in Switzerland and trades in EUR. Its price has swung about 25.9% over the past year, which describes how much its price tends to move rather than whether it is good. It launched in 2010. Like any investment, it can lose value as well as gain, and what it did before does not predict what it will do next. (Fund data sourced from UBS.)