UBS MSCI Australia UCITS ETF hGBP acc (AUGA.L)

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This fund primarily invests in Australian equities, specifically large and mid-capitalization companies included within the MSCI Australia 100% hedged to GBP index. Its main goal is to mirror the price performance and yield of this benchmark index as closely as possible, with individual holdings weighted proportionately to their index representation. A core feature is the built-in currency hedge, designed to reduce profit or loss exposure caused by fluctuations in foreign exchange rates when Australian Dollar assets are held in a non-AUD currency. The fund employs a passive management strategy.