UBS ETF MSCI Canada UCITS ETF (CAD) A-dis

Issuer: UBS

Asset Class: Equity

TER: 33bps

Trading Currency: GBX

Pays Income: False

Listing Date: 28 Jun 2012

Ticker: UB23

ISIN: LU0446734872

This investment product offers a targeted approach to gain exposure to the Canadian equity market. By tracking a benchmark composed of the nation's leading large and mid-capitalization companies, it provides a comprehensive and diversified snapshot of Canada's corporate landscape. This makes it a suitable instrument for investors looking to participate in the economic performance of one of the world's major developed economies through a single, efficiently managed vehicle.

The underlying index reflects the distinct structure of the Canadian economy, which has a significant concentration in the financial services sector, followed by substantial allocations to energy and industrials. This composition gives investors direct exposure to Canada's robust banking system and its vast natural resources sector. The portfolio is populated with well-established, blue-chip Canadian corporations, offering a degree of stability. However, investors should be mindful of this sector concentration, as the fund's performance will be heavily influenced by the fortunes of these key industries.

For portfolio construction, this fund can serve multiple purposes. It can act as a core holding for investors seeking dedicated, long-term exposure to Canadian equities. Alternatively, it can be utilized as a tactical or satellite component within a broader, globally diversified portfolio to capitalize on specific views about the Canadian market or to enhance regional diversification. The fund employs a physical replication strategy, meaning it holds the actual constituent stocks of the index, which provides a high level of transparency and avoids the complexities of synthetic replication.