The UBS IQ Research Preferred Australian Dividend Fund aims to replicate the performance of the UBS Research Preferred Dividend Index before fees and expenses. The Fund is an exchange traded fund (ETF) which is a registered managed investment scheme. Units in the Fund trade on the ASX under the ASX code DIV.
The Fund allows investors, in one transaction, to gain exposure to a diversified portfolio of listed Australian securities that, according to UBS equity research, are forecast to offer sustainable income via the distribution of dividends and franking credits. As the Fund physically holds the underlying securities, it will participate in any change of market value of the underlying portfolio.