UBS Core BBG US Liquid Corp UCITS ETF hGBP dis (UC85.L)

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This fund aims to closely mirror the overall price and income returns of the Bloomberg US Liquid Corporates Total Return Index, before any deductions for fees. It specifically targets the performance of this index after hedging its currency exposure to Great British Pounds. To achieve its objective, the fund primarily invests in the constituent bonds of this benchmark. It provides investors with access to high-quality, US dollar-denominated debt securities issued by a range of American corporations across key sectors like finance, industry, and utilities. This particular share class is denominated in Great British Pounds and incorporates a currency-hedging mechanism designed to lessen the impact of exchange rate volatility between the US Dollar and Sterling. The fund itself employs a passive management approach, focused solely on tracking its underlying index.