UBS offers Global Access
UBS Investment Bank has announced the latest series of its Global Access Fund.
The fund is designed to expose investors to a 90 per cent capital-protected investment based on three regional equities themes; it should provide 90 per cent capital protection at maturity (four years and eight months time).
Classes D, E and F of the fund give investors access to regional growth opportunities over the medium term through one investment structure. Exposure to the US market is available through the S&P 500 index, the MSCI AC Asia-ex Japan index provides exposure to Asia, while Australia is accessible through the S&P/ASX 200 index.
“Investors may think shares are cheap but aren’t confident picking individual stock,” said UBS’ head of structured products, Mark Small. “For those expecting a medium-term market recovery, buying exposure reference to a broad-based index should yield market returns with diversified market risk.”
Approved investors will be able to use a 90 per cent UBS borrowing facility to access the classes, with “limited-recourse terms” for self-managed superannuation funds.
UBS said it has addressed foreign currency risk by “full currency hedging on the capital protection date, ensuring offshore investment gains aren’t depleted by increases in the value of the Australian dollar”.
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