UB EM Infra
Equity · Global · Sector
Figures refer to the share class ISIN FI0008812219, currency EUR.
Recent performance
The EUR class returned +8.84% over one year to 2026-09-30. The WSP comparator (MSCI ACWI NR EUR) returned +20.97%, a difference of -12.13 percentage points. Over the final three months, the fund returned +3.18%.
Key facts
- Associated firm
- UB Rahastoyhtiö Oy
- Asset class
- Equity
- Geography
- Global
- Strategy
- Sector
- Share class currency
- EUR
- Share class inception
- 30.10.2007
- Fund size
- 39 million (as at 14.09.2026)
- Management fee
- 0.90%
- Performance fee
- Yes
- UCITS
- Yes
- Registered in Switzerland
- No (qualified investors only)
Performance in context
Growth from the same starting value
Fund · WSP comparator: MSCI ACWI NR EUR
Exact chart values
| Month | Fund | WSP comparator: MSCI ACWI NR EUR |
|---|---|---|
| 2023-09 | 100.00 | 100.00 |
| 2023-10 | 95.57 | 96.51 |
| 2023-11 | 96.83 | 101.98 |
| 2023-12 | 101.26 | 105.96 |
| 2024-01 | 100.36 | 108.79 |
| 2024-02 | 104.33 | 113.51 |
| 2024-03 | 104.72 | 117.55 |
| 2024-04 | 108.35 | 115.04 |
| 2024-05 | 109.57 | 117.84 |
| 2024-06 | 110.21 | 121.90 |
| 2024-07 | 110.66 | 122.54 |
| 2024-08 | 111.51 | 122.74 |
| 2024-09 | 116.64 | 124.96 |
| 2024-10 | 115.02 | 125.28 |
| 2024-11 | 115.90 | 133.61 |
| 2024-12 | 122.74 | 132.41 |
| 2025-01 | 119.47 | 136.97 |
| 2025-02 | 118.88 | 136.18 |
| 2025-03 | 117.60 | 125.67 |
| 2025-04 | 116.08 | 121.18 |
| 2025-05 | 120.60 | 127.54 |
| 2025-06 | 119.79 | 128.65 |
| 2025-07 | 125.05 | 134.54 |
| 2025-08 | 126.75 | 134.82 |
| 2025-09 | 126.31 | 139.06 |
| 2025-10 | 130.47 | 144.18 |
| 2025-11 | 134.34 | 143.82 |
| 2025-12 | 133.03 | 143.50 |
| 2026-01 | 137.62 | 145.05 |
| 2026-02 | 142.56 | 148.94 |
| 2026-03 | 137.16 | 140.98 |
| 2026-04 | 138.46 | 153.27 |
| 2026-05 | 135.24 | 162.23 |
| 2026-06 | 133.24 | 164.31 |
| 2026-07 | 139.64 | 162.86 |
| 2026-08 | 135.24 | 165.86 |
| 2026-09 | 137.47 | 168.21 |
Growth of 100 · EUR total returns. Monthly observations, income reinvested.
Fund valuations: 2023-09-29 to 2026-09-30. Comparison valuations: 2023-09-29 to 2026-09-30. Each calendar month uses its last available source observation; fund and comparison dates can differ.
Figures as of 30.09.2026. Calendar-year returns cover the years shown.
| 1M | 3M | 6M | YTD | 2025 | 2024 | 2023 | 1Y | 3Y | 5Y | Volatility | Sharpe R. | Max DD | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FundISIN FI0008812219, currency EUR | 1.65 | 3.18 | 0.23 | 3.34 | 8.39 | 21.21 | 0.10 | 8.84 | 11.19 | 7.12 | 9.30 | 0.90 | -6.54 |
| BenchmarkMSCI ACWI NR EUR | 1.42 | 2.38 | 19.32 | 17.23 | 8.37 | 24.96 | 17.70 | 20.97 | 18.93 | 12.06 | 11.70 | 1.32 | -11.53 |
| Differencefund minus benchmark, in percentage points | 0.23 | 0.80 | -19.09 | -13.88 | 0.01 | -3.75 | -17.60 | -12.13 | -7.74 | -4.93 | – | – | – |
Reporting dates by figure
- FI0008812219 — 30.09.2026: 1M, 3M, 6M, YTD, 1Y, 3Y, 5Y, Volatility, Sharpe R., Max DD, Benchmark 1M, Benchmark 3M, Benchmark 6M, Benchmark YTD, Benchmark 1Y, Benchmark 3Y, Benchmark 5Y, Benchmark Volatility, Benchmark Sharpe R., Benchmark Max DD; 31.12.2025: 2025, Benchmark 2025; 31.12.2024: 2024, Benchmark 2024; 31.12.2023: 2023, Benchmark 2023
Has the advantage depended on the entry date?
The fund finished ahead in 11 of 25 overlapping one-year windows ending 2024-09 to 2026-09. These windows overlap; this is historical frequency, not a forecast probability.
Rolling one-year relative wealth
Exact chart values
| Month | Rolling one-year relative wealth |
|---|---|
| 2024-09 | -6.66 |
| 2024-10 | -7.28 |
| 2024-11 | -8.64 |
| 2024-12 | -3.00 |
| 2025-01 | -5.45 |
| 2025-02 | -5.02 |
| 2025-03 | 5.04 |
| 2025-04 | 1.71 |
| 2025-05 | 1.69 |
| 2025-06 | 2.99 |
| 2025-07 | 2.93 |
| 2025-08 | 3.49 |
| 2025-09 | -2.68 |
| 2025-10 | -1.43 |
| 2025-11 | 7.68 |
| 2025-12 | 0.01 |
| 2026-01 | 8.78 |
| 2026-02 | 9.64 |
| 2026-03 | 3.98 |
| 2026-04 | -5.69 |
| 2026-05 | -11.84 |
| 2026-06 | -12.91 |
| 2026-07 | -7.75 |
| 2026-08 | -13.27 |
| 2026-09 | -10.03 |
Relative wealth = (1 + fund return) ÷ (1 + benchmark return) − 1. It differs from subtracting percentage returns.
Behaviour in rising and falling markets
Up-market capture was 34.8% across 26 rising benchmark months; down-market capture was -17.7% across 10 falling months. Window: 2023-09-29 to 2026-09-30. Capture compares geometric monthly returns; it is not a measure of maximum loss.
The dashed mark is 100%: the same geometric monthly move as the benchmark.
How far below its previous high?
Fund · WSP comparator: MSCI ACWI NR EUR
Exact chart values
| Month | Fund | WSP comparator: MSCI ACWI NR EUR |
|---|---|---|
| 2023-09 | 0.00 | 0.00 |
| 2023-10 | -4.43 | -3.49 |
| 2023-11 | -3.17 | 0.00 |
| 2023-12 | 0.00 | 0.00 |
| 2024-01 | -0.88 | 0.00 |
| 2024-02 | 0.00 | 0.00 |
| 2024-03 | 0.00 | 0.00 |
| 2024-04 | 0.00 | -2.14 |
| 2024-05 | 0.00 | 0.00 |
| 2024-06 | 0.00 | 0.00 |
| 2024-07 | 0.00 | 0.00 |
| 2024-08 | 0.00 | 0.00 |
| 2024-09 | 0.00 | 0.00 |
| 2024-10 | -1.39 | 0.00 |
| 2024-11 | -0.63 | 0.00 |
| 2024-12 | 0.00 | -0.90 |
| 2025-01 | -2.66 | 0.00 |
| 2025-02 | -3.14 | -0.58 |
| 2025-03 | -4.19 | -8.25 |
| 2025-04 | -5.42 | -11.53 |
| 2025-05 | -1.74 | -6.89 |
| 2025-06 | -2.40 | -6.08 |
| 2025-07 | 0.00 | -1.78 |
| 2025-08 | 0.00 | -1.57 |
| 2025-09 | -0.35 | 0.00 |
| 2025-10 | 0.00 | 0.00 |
| 2025-11 | 0.00 | -0.25 |
| 2025-12 | -0.98 | -0.47 |
| 2026-01 | 0.00 | 0.00 |
| 2026-02 | 0.00 | 0.00 |
| 2026-03 | -3.79 | -5.35 |
| 2026-04 | -2.87 | 0.00 |
| 2026-05 | -5.13 | 0.00 |
| 2026-06 | -6.54 | 0.00 |
| 2026-07 | -2.05 | -0.88 |
| 2026-08 | -5.14 | 0.00 |
| 2026-09 | -3.57 | 0.00 |
Deepest month-end decline for this class: -6.54%.
2023-09-29 to 2026-09-30 · EUR total returns. Declines are measured against the highest month-end value within this window. Intra-month falls are not shown; this is not daily maximum drawdown.
Where did the gains and setbacks occur?
Fund return · % in EUR
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | — | — | — | — | — | — | — | — | — | -4.43 | +1.32 | +4.58 |
| 2024 | -0.88 | +3.96 | +0.37 | +3.46 | +1.13 | +0.58 | +0.41 | +0.77 | +4.60 | -1.39 | +0.77 | +5.89 |
| 2025 | -2.66 | -0.49 | -1.08 | -1.29 | +3.89 | -0.67 | +4.40 | +1.36 | -0.35 | +3.30 | +2.96 | -0.98 |
| 2026 | +3.45 | +3.59 | -3.79 | +0.95 | -2.32 | -1.48 | +4.81 | -3.15 | +1.65 | — | — | — |
Benchmark return · % in EUR
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | — | — | — | — | — | — | — | — | — | -3.49 | +5.66 | +3.91 |
| 2024 | +2.67 | +4.34 | +3.56 | -2.14 | +2.44 | +3.44 | +0.53 | +0.17 | +1.81 | +0.25 | +6.65 | -0.90 |
| 2025 | +3.44 | -0.58 | -7.71 | -3.58 | +5.25 | +0.87 | +4.58 | +0.21 | +3.14 | +3.68 | -0.25 | -0.22 |
| 2026 | +1.08 | +2.68 | -5.35 | +8.72 | +5.85 | +1.28 | -0.88 | +1.84 | +1.42 | — | — | — |
Fund minus benchmark · percentage points
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | — | — | — | — | — | — | — | — | — | -0.95 | -4.34 | +0.67 |
| 2024 | -3.56 | -0.38 | -3.20 | +5.60 | -1.31 | -2.86 | -0.12 | +0.60 | +2.79 | -1.64 | -5.88 | +6.79 |
| 2025 | -6.10 | +0.09 | +6.63 | +2.29 | -1.36 | -1.54 | -0.18 | +1.15 | -3.49 | -0.38 | +3.21 | -0.75 |
| 2026 | +2.37 | +0.91 | +1.56 | -7.77 | -8.17 | -2.76 | +5.69 | -4.99 | +0.23 | — | — | — |
Green: positive; red: negative. Grey cells are outside the displayed history. Month-end observations; no missing month is filled or interpolated.
Fund valuations: 2023-09-29 to 2026-09-30. Comparison valuations: 2023-09-29 to 2026-09-30. Each calendar month uses its last available source observation; fund and comparison dates can differ.
Within the list: OpenList — Real Assets
Compared with the equity funds on OpenList — Real Assets (10 funds), each in the share class and currency its list shows. Returns are in each share class's own currency and are not converted.
Performance and risk figures as of 30.09.2026.
| This fund | Group median | Position | |
|---|---|---|---|
| Return 1Y | 8.84 | 27.71 | 10 of 10 |
| Return 3Y p.a. | 11.19 | 18.56 | 10 of 10 |
| 3Y p.a. over its own benchmark | -7.74 | 5.32 | 10 of 10 |
| Volatility 3Y | 9.30 | 16.91 | 1 of 10 |
| Sharpe ratio 3Y | 0.90 | 0.95 | 7 of 10 |
| Max drawdown 3Y | -6.54 | -10.99 | 2 of 10 |
| Management fee | 0.90% | 1.05% | 5 of 10 |
Position 1 is the highest value, except for volatility and the management fee, where 1 is the lowest; for max drawdown, 1 is the smallest fall. Only figures with the same reporting date are compared.
Return against risk, 3 years
Price history
Fund and benchmark rebased to 100 at 29.10.2021.
Table view
| Period | From | Fund (100 at start) | Benchmark from | Benchmark (100 at start) |
|---|---|---|---|---|
| 1Y | 31.10.2025 | 104.7 | 31.10.2025 | 118.7 |
| 3Y | 31.10.2023 | 142.9 | 31.10.2023 | 177.4 |
| 5Y | 29.10.2021 | 141.1 | 29.10.2021 | 172.7 |
| Since 2016 | 31.10.2016 | 142.3 | 31.10.2016 | 322.5 |
Total return: distributions reinvested.
In EUR, the currency of the share class shown.
Comparison: MSCI ACWI NR EUR.
Fund history to 28.10.2026.
Benchmark history to 28.10.2026.
Past performance is not a reliable indicator of future results, and the value of investments can fall as well as rise.
Chart methodology
Charts use dated total-return observations, including reinvested income. Each calendar month uses the last available observation. Fund and comparison valuation dates may differ. Month-end drawdowns exclude falls within a month. Past performance does not predict future returns.
WSP report
Ask WSP which research is available for this fund and what it covers.
Enquire about WSP researchBack to the list: OpenList — Real Assets
Performance: in %, in the currency of the share class shown. 3Y and 5Y are annualised. Volatility and Sharpe ratio are over three years; Max DD is the largest fall over three years.
Benchmark: each fund is measured against the index its own documents name. Where WSP measures a fund against a comparator of its own instead, the row names it: a tracker or a blend of the markets the fund invests in, or a cash-plus hurdle
– means not applicable.
Reporting dates are shown above the figures; exceptions are dated individually.
This page is advertising within the meaning of the Swiss Financial Services Act. It is not an offer, a recommendation or investment advice. The prospectus and key information document for any fund shown may be obtained free of charge from its management company or Swiss representative
How this fund works
How the strategy works
UB EM Infra invests in listed infrastructure companies in emerging markets, with a particular focus on Asia. Electricity, water and transport networks connect the portfolio to the provision of essential services. The manager can change country and regional weights without tracking an official benchmark. The objective is a steadier long-term return than the broader emerging-market equity market; it remains an equity investment.
2026-09-30