UBS MSCI Canada UCITS ETF hCHF acc

UBS MSCI Canada UCITS ETF hCHF acc is an exchange-traded fund that seeks to track the MSCI Canada (CHF Hedged) index, focusing on the largest and most liquid Canadian stocks. Launched on 30 January 2015 and domiciled in Luxembourg, it employs full physical replication by holding all index constituents, with a total expense ratio of 0.36% p.a. As an accumulating ETF, it reinvests dividends rather than distributing them, promoting compounded growth within the fund. Currency-hedged to Swiss Francs, it mitigates exchange rate fluctuations between the Canadian dollar and CHF, appealing to investors seeking Canadian equity exposure without unhedged currency risk. The portfolio comprises around 82-88 holdings, predominantly from Canada (over 99%), spanning sectors like financials (approximately 34-37%), energy (16-17%), materials (10-12%), industrials, and information technology. Top holdings include Royal Bank of Canada, Shopify Inc., and Toronto-Dominion Bank. With assets under management around €39 million, it plays a niche role in providing targeted access to Canada's resource-rich and financially robust market within the broader UCITS-compliant ETF landscape.