SA国际传谋

This UBS Exchange Traded Fund invests in silver 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 investments are subject to market fluctuations. Every fund has specific risks, which may significantly increase under unusual market conditions. The main risk of silver is that there is a lack of risk diversification due to the concentration of the investment in silver. 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 is directly dependent on the performance of silver. Losses that could be avoided via active management (selling silver and increasing liquidity ahead of expected price falls) will not be offset.