ETF · UBS
UB32 UBS ETF - MSCI Emerging Markets UCITS ETF A Distribution
ISIN LU0480132876London Stock Exchange: UB32UBS Group AG
- Emerging markets
- ETF
- ISA
- SIPP
- Distributing
Latest close
LSE£127.64
on
- Ongoing charge
- 0.15% a year
- Fund size
- £1.9bn
Source: TradingView, as of , at least 15 min delayed
At a glance
As of 30/09/2026, UB32 (UBS ETF - MSCI Emerging Markets UCITS ETF A Distribution, ISIN LU0480132876) closed at £127.64 on the London Stock Exchange. Its ongoing charge is 0.15% a year (about £15 on £10,000). Over the five years to 30/09/2026 its total return was +56.4%, or +22.3% after UK CPIH inflation.
Past returns
- 1 year to 30/09/2026
- +31.6%
- +27.5% after inflation (UK CPIH)
- 3 years to 30/09/2026
- +76.5%
- +59.3% after inflation (UK CPIH)
- 5 years to 30/09/2026
- +56.4%
- +22.3% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,564 on 30/09/2026 — about £1,223 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of UBS ETF SICAV - UBS ETF - MSCI Emerging Markets UCITS ETF A Distribution in pounds (price only, income paid out not included): 2022 −12.7%, 2023 +1.0%, 2024 +6.2%, 2025 +21.2%; 2026 to 30/09/2026 +24.1%. Returns of UBS ETF SICAV - UBS ETF - MSCI Emerging Markets UCITS ETF A Distribution in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +30.1%; to 30/09/2025: +12.9%; to 30/09/2024: +12.6%; to 30/09/2023: −0.7%; to 30/09/2022: −14.5%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +24.1% | +20.7% | |
| +21.2% | +17.1% | ||
| +6.2% | +2.6% | ||
| +1.0% | −3.1% | ||
| −12.7% | −20.1% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +30.1% | Not available |
| from | +12.9% | +8.5% |
| from | +12.6% | +9.7% |
| from | −0.7% | −6.7% |
| from | −14.5% | −21.4% |
Source: Fundology, from recorded closes and the data vendor’s weekly price history, as of , inflation: ONS CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
15.7%over 5 years
| 1 year | 18.4% |
|---|---|
| 3 years | 15.4% |
| 5 years | 15.7% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since October 2021
- −24.0%
- From to
- Lowest 12-month return
- −20.8%
- 12 months to
- Highest 12-month return
- +53.9%
- 12 months to
- Below its highest weekly close since October 2021
- 5.4%
- High of , latest
In words: Volatility of UBS ETF SICAV - UBS ETF - MSCI Emerging Markets UCITS ETF A Distribution in pounds, annualised from weekly returns to 30/09/2026: 18.4% over 1 year, 15.4% over 3 years, 15.7% over 5 years. Largest fall in the price of UBS ETF SICAV - UBS ETF - MSCI Emerging Markets UCITS ETF A Distribution since October 2021, in pounds: −24.0% from 12/11/2021 to 28/10/2022. The lowest 12-month return of UBS ETF SICAV - UBS ETF - MSCI Emerging Markets UCITS ETF A Distribution in pounds (price only, income paid out not included) since January 2021 was −20.8% (12 months to 28/10/2022); the highest was +53.9% (12 months to 19/06/2026). On 30/09/2026 the price of UBS ETF SICAV - UBS ETF - MSCI Emerging Markets UCITS ETF A Distribution was 5.4% below its highest weekly close since October 2021 (19/06/2026), in pounds.
Source: Fundology, from recorded closes and the data vendor’s weekly price history, as of , price only — income paid out is not included
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.15%
- a year
- On £10,000
- £15
- a year, roughly
- Over five years
- £75
- of £10,000, before growth
- 8 charge less
- 4 the same
- 128 charge more
Ongoing charge of UBS ETF SICAV - UBS ETF - MSCI Emerging Markets UCITS ETF A Distribution 0.15% a year, as of 01/10/2026: 128 of the 140 other emerging-market share funds charge more, 4 the same and 8 less (share classes counted once).
Source: Fund ongoing charges via TradingView, as of
A lower charge is not a promise of a higher return: what the fund holds matters more. Charges are the fund’s own published ongoing charges figure.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
UBS ETF SICAV - UBS ETF - MSCI Emerging Markets UCITS ETF A Distribution is an exchange-traded fund (ETF) from UBS, launched in 2010.
It tracks the MSCI EM (Emerging Markets) — companies in emerging economies such as China, India, Taiwan and Brazil.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.15% a year — about £15 a year on every £10,000 invested, taken from the fund's value rather than billed to you.
Income from its investments is paid out to holders as cash, usually a few times a year.
Emerging markets: Companies in faster-growing but less mature economies such as China, India, Taiwan and Brazil. Prices tend to move more.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- UB32
- ISIN
- LU0480132876
- Provider
- UBS
- Tracks
- MSCI EM (Emerging Markets)
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Distributing, paid semi-annual
- Income is paid out to holders as cash, usually a few times a year.
- Ongoing charge
- 0.15% a year · about £15 on £10,000
- Fund size
- £1.9bn
- Launched
- Domicile
- Luxembourg
- Can be held in
- ISA and SIPP
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- Emerging markets
Price chart
Since 31/07/2026, the closing price went from £121.51 on 31/07/2026 to £127.64 on 30/09/2026 (+5.0%). The lowest close shown was £121.51 on 31/07/2026 and the highest £128.65 on 24/09/2026.
Chart: closing prices we have recorded since 31/07/2026. Price only — income paid out is not included, so the line can end below the total return above.
Source: TradingView, as of , at least 15 min delayed
Five years of prices, and after inflation
10 weekly closes, from 31/07/2026 to 30/09/2026. The same history in September 2026 pounds, adjusted with ONS CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
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How we work it out:Prices and returnsNAV and price
Funds tracking the same index
21 funds track MSCI EM (Emerging Markets), this one included and share classes counted once; their ongoing charges range from 0.12% to 0.55% a year (30/09/2026).
| Fund | 1 year | 5 years |
|---|---|---|
| Amundi Core MSCI Emerging Markets -UCITS ETF DR- CapitalisationAccumulating · 0.18% a year | +30.8% | +53.1% |
| Amundi Core MSCI Emerging Markets -UCITS ETF DR- DistributionDistributing · 0.24% a year | +31.3% | +54.7% |
| Amundi Core MSCI Emerging Markets -UCITS ETF DR- DistributionDistributing · 0.25% a year | +30.8% | +66.4% |
| Amundi MSCI Emerging Markets Swap -UCITS ETF USD C- CapitalisationAccumulating · 0.20% a year | +31.7% | +55.5% |
| Amundi MSCI Emerging Markets Swap II UCITS ETF Act -USD Acc-Accumulating · 0.55% a year | +31.1% | +52.8% |
| BNP PARIBAS EASY MSCI EMERGING Capitalisation -UCITS ETF-Accumulating | Not reported | Not reported |
| HSBC MSCI Emerging Markets UCITS ETFDistributing · 0.15% a year | +31.7% | +54.9% |
| HSBC MSCI EMERGING MARKETS UCITS ETF AccumUSDAccumulating · 0.15% a year | +31.7% | +55.8% |
| Invesco MSCI Emerging Markets UCITS ETFAccumulating · 0.19% a year | +30.8% | +52.6% |
| iShares MSCI EM UCITS ETF USD (Acc)Accumulating · 0.18% a year | +31.4% | +55.9% |
| iShares MSCI EM UCITS ETF USD (Dist)Distributing · 0.18% a year | +31.4% | +55.6% |
| iShares MSCI EM Swap UCITS ETF Accum- USDAccumulating · 0.14% a year | Not reported | Not reported |
| Multi Units LU - Amundi MSCI Emerging Markets IIDistributing · 0.14% a year | +31.7% | Not reported |
| Multi Units LU - Amundi MSCI Emerging Markets IIAccumulating · 0.14% a year | +31.3% | Not reported |
| State Street SPDR MSCI Emerging Markets UCITS ETFAccumulating · 0.18% a year | +31.1% | +54.0% |
| UBS MSCI EM SF UCITS ETFAccumulating · 0.14% a year | +31.1% | +54.0% |
| UBS ETF - MSCI Emerging Markets UCITS ETF A DistributionThis fundDistributing · 0.15% a year | +31.6% | +56.4% |
| Xtrackers MSCI Emerging Markets Swap UCITS ETFDistributing · 0.12% a year | +33.0% | Not reported |
| Xtrackers MSCI Emerging Markets Swap UCITS ETF Capitalisation 1CAccumulating · 0.12% a year | +31.4% | +54.0% |
| Xtrackers MSCI Emerging Markets UCITS ETFAccumulating · 0.18% a year | +32.7% | +56.4% |
| Xtrackers MSCI Emerging Markets UCITS ETF USDDistributing · 0.18% a year | +32.8% | Not reported |
Source: TradingView reported returns and fund ongoing charges, as of
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 248 rolling 12-month returns since January 2021, and of 144 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since October 2021, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
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Rank among similar funds
Rank by total return over 1, 3 and 5 years among up to 125 emerging-market share funds, not currency-hedged, highest first.
ProMoves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core MSCI EM IMI UCITS ETF, over the three years to 30/09/2026 (153 weeks).
Pro
Pro — currently by invitation
Pro includes the rank among similar funds and moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of UB32?
The ongoing charge of UB32 is 0.15% a year — about £15 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of UBS ETF SICAV - UBS ETF - MSCI Emerging Markets UCITS ETF A Distribution 0.15% a year, as of 01/10/2026: 128 of the 140 other emerging-market share funds charge more, 4 the same and 8 less (share classes counted once).
What does UB32 track?
UB32 tracks the MSCI EM (Emerging Markets) — companies in emerging economies such as China, India, Taiwan and Brazil.
Is UB32 accumulating or distributing?
UB32 is distributing: income is paid out to holders as cash, usually a few times a year. It pays out semi-annual.
What is the ISIN of UB32?
The ISIN of UB32 is LU0480132876. An ISIN identifies one exact share class of a fund; UB32 is its ticker on the London Stock Exchange.
What were UB32’s returns in each of the last five years?
Calendar-year returns of UB32 in pounds (price only, income paid out not included): 2022 −12.7%, 2023 +1.0%, 2024 +6.2%, 2025 +21.2%; 2026 to 30/09/2026 +24.1%. Past performance is not a guide to future returns.
How has UB32 done after inflation?
Over the five years to 30/09/2026 UB32’s total return was +56.4%, or +22.3% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
- EMIMiShares Core MSCI EM IMI UCITS ETF0.18% a year · £26bn
- XMMSXtrackers MSCI Emerging Markets UCITS ETF0.18% a year · £8.2bn
- SEMAiShares MSCI EM UCITS ETF USD (Acc)0.18% a year · £6.0bn
- IEEMiShares MSCI EM UCITS ETF USD (Dist)0.18% a year · £5.8bn
- EDG2iShares MSCI EM CTB Enhanced ESG UCITS ETF0.26% a year · £5.0bn
- CEA1iShares MSCI EM Asia UCITS ETF0.20% a year · £5.0bn
- SEGMiShares MSCI EM IMI Screened UCITS ETF AccumUnhedged USD0.21% a year · £3.6bn
- E127Multi Units LU - Amundi MSCI Emerging Markets II0.14% a year · £3.6bn
Sources and dates
- Prices
- London Stock Exchange closes via TradingView, at least 15 minutes delayed, latest
- Returns
- TradingView reported returns (net asset value with income reinvested where available)
- Calendar years, risk
- Fundology, from recorded closes (weekly history from the data vendor where our record is short)
- Inflation
- ONS CPIH, latest month used August 2026
- Charges
- The fund’s ongoing charges figure, via TradingView
- Identity
- FCA Financial Instruments Reference Data System (FIRDS) and the issuer
- Fund size
- TradingView, converted to pounds at the latest ECB reference rate
Methodology:Data sourcesReturnsCategoriesAll methods
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