SA国际传谋

This UBS Exchange Traded Fund invests in gold and may therefore be subject to considerable fluctuations in value. This Fund may not be appropriate for investors who plan to withdraw their money before the recommended holding period disclosed in the PRIIPs KID. All capital investments are subject to market fluctuations. Every fund has specific risks, which can significantly increase under unusual market conditions. The main risk of gold is that there is a lack of risk diversification due to the concentration of the investment in gold. Sustainability risks are not considered as part of the Index selection process. Therefore, sustainability risks are not systematically integrated. The fund's assets are passively managed. As a result, the net asset value of the fund's assets is directly dependent on the performance of gold. For funds with “hedged” in their name, currency and forward currency transactions may be carried out in order to extensively hedge the net asset value of the funds against the USD.