SA国际传谋

This UBS Exchange Traded Fund invests in real estate funds and real estate shares (companies). The price of the underlying fund units is not determined by estimates of market value but by investor supply and demand. The daily liquidity of real estate funds and real estate shares listed on SIX Swiss Exchange may be limited and is subject to the influence of market development. In a normal market, liquidity is sufficient, however in a distressed market environment the available liquidity of the concerned real estate funds and/or real estate shares could be reduced and may lead to higher transaction costs and heightened price volatility. All investments are subject to market fluctuations. This Fund may not be appropriate for investors who plan to withdraw their money before the recommended holding period disclosed in the PRIIPs KID. Every fund has specific risks, which may increase considerably in unusual market conditions. The fund's assets are passively managed. Sustainability risks are not considered as part of the Index selection process. Therefore, sustainability risks are not systematically integrated. As a result, the net asset value of the fund's assets is directly dependent on the performance of the underlying index. Losses that could be avoided via active management will not be offset.