UBS MSCI Switzerland hUSD ETF USD dis

What this fund is

UBS MSCI Switzerland hUSD ETF USD dis is an exchange-traded fund (ETF) from UBS, traded under the ticker 0VRE (ISIN CH0226274212). 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 owning small slices of companies, so you share in their growth when they do well — and their falls when they don't, focused on the European market. Rather than a manager picking stocks, it simply replicates the MSCI Switzerland index — the passive, low-cost approach, and its largest holdings include ROCHE HLDG PC PRP, NOVARTIS AG-REG and NESTLE SA-REG. By geography it is weighted towards ~75.9% Switzerland.

Its heaviest sectors are ~30.9% Health Care and ~15.6% Financials. Funds like this are commonly chosen by investors who want a regular cash income stream rather than reinvesting everything for growth. 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, and over the last year it paid out roughly 2.03% (its trailing yield). It holds the underlying investments directly (physical replication); it is domiciled in Switzerland and trades in USD.

Its price has swung about 12.7% over the past year, which describes how much its price tends to move rather than whether it is good. It launched in 2013. 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.)