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The UBS ETF MSCI World UCITS ETF provides exposure to many of the largest publicly-traded companies in the developed world. It is best used as a core building block for investors who want to gain developed equity exposure through one fund rather than build a geographically- and/or sector-diversified equity portfolio. Although the underlying MSCI World Index has a broad geographic scope, it is heavily concentrated in the US.
The MSCI World Index is made up of global companies. Still, investors seeking exposure to the global- rather than just developed- equity market should consider pairing this ETF with some form of emerging markets equity exposure which would provide portfolio diversification.