UBS MSCI EMU Small Cap UCITS ETF EUR dis

What this fund is

UBS MSCI EMU Small Cap UCITS ETF EUR dis is an exchange-traded fund (ETF) from UBS, traded under the ticker UB69 (ISIN LU0671493277). 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, spread across its target market. Rather than a manager picking stocks, it simply replicates the MSCI EMU Small Cap index — the passive, low-cost approach, and its largest holdings include SPIE SA, GAZTRANSPORT ET TECHNIGA SA and AEDIFICA. By geography it is weighted towards ~3.1% Germany, ~2.7% France and ~2.3% Belgium.

By industry it concentrates most in ~3.7% Industrials and ~2.4% Real Estate. 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 0.28% a year — about €28 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 4.24% (its trailing yield). 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 14.6% over the past year — a gauge of how much the value moves, not a judgement of quality. It launched in 2011. 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.)