UBS Palladium ETF USD dis

What this fund is

UBS Palladium ETF USD dis is an exchange-traded fund (ETF) from UBS, traded under the ticker 0VQY (ISIN CH0118929022). One trade buys a whole basket of holdings, so your money is spread out instead of riding on a single company. 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 PALLADIUM OZ METALKONTO.

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 0.35% a year — about €35 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 USD. Its price has swung about 49.3% over the past year, which describes how much its price tends to move rather than whether it is good. It launched in 2010. 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.)