UBS BBG USD EM Sovereign UCITS ETF hGBP dis (SBEG.L)

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This fund primarily invests in sovereign and agency bonds from emerging markets, specifically those included in the Bloomberg Emerging Markets USD Sovereign & Agency 3% Country Capped Index, with currency fluctuations hedged back to GBP. Its portfolio is constructed to precisely match the weightings of the bonds within this benchmark. The central objective is to replicate the index's price and total return performance, net of all associated fees. It's important to recognize that the fund's market trading price may occasionally diverge from its net asset value. This is a passively managed fund, meaning it aims to simply track the designated index rather than outperform it.