UBS Global Gender Equality UCITS ETF hGBP acc

What this fund is

UBS Global Gender Equality UCITS ETF hGBP acc is an exchange-traded fund (ETF) from UBS, traded under the ticker GENG (ISIN IE00BDR5H297). 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 owning small slices of companies, so you share in their growth when they do well — and their falls when they don't, spread broadly across markets worldwide. Its largest holdings include ILLUMINA INC, KEYSIGHT TECHNOLOGIES IN and MERCK & CO. INC..

By geography it is weighted towards ~10.4% United States, ~2.7% United Kingdom and ~1.3% Canada. Its heaviest sectors are ~6% Health Care and ~2.7% Financials. Investors often use a broad fund like this as a long-term 'core' holding — a single building block that covers much of a global portfolio in one trade. 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 an accumulating share class: dividends are rolled straight back in, compounding your returns rather than landing in your account as cash.

It holds the underlying investments directly (physical replication); it is domiciled in Ireland and UCITS-regulated, a European standard built to protect everyday investors and trades in GBP. Its price has swung about 9.6% over the past year, which describes how much its price tends to move rather than whether it is good. It launched in 2018. 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.)