UBS Core MSCI Europe UCITS ETF EUR dis

What this fund is

UBS Core MSCI Europe UCITS ETF EUR dis is an exchange-traded fund (ETF) from UBS, traded under the ticker UB12 (ISIN LU0446734104). 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, focused on the European market. It passively tracks the MSCI Europe index — mirroring that market instead of paying a manager to pick winners, which keeps costs low, and its largest holdings include ASML HOLDING NV, HSBC HOLDINGS PLC and ROCHE HLDG PC PRP. By geography it is weighted towards ~6.1% Switzerland, ~5.9% United Kingdom and ~4.9% Netherlands.

By industry it concentrates most in ~6.2% Health Care and ~5% 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 0.06% a year — about €6 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 Luxembourg and UCITS-regulated, a European standard built to protect everyday investors and trades in EUR.

Its price has swung about 72.6% over the past year — a gauge of how much the value moves, not a judgement of quality. It launched in 2009. 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.)