Sharenet Sites 
Sharenet Sites
Listing of UBS Actively Managed Certificates linked to the AnBro World’s Biggest Brands Portfolio
UBS AG, London Branch
(“UBS AG” or the “Company”)
(Incorporated and domiciled in Switzerland)
(Registration number: CHE-101.329.561)
Listing of UBS Actively Managed Certificates linked to the AnBro World’s
Biggest Brands Portfolio.
The JSE Limited has granted UBS AG approval for the listing of UBS Portfolio
Notes linked to the AnBro World’s Biggest Brands Portfolio (the "Reference
Portfolio").
The Reference Portfolio, whose composition may vary from time to time, is
actively managed by the Reference Portfolio Advisor and represents a notional
investment in the Reference Portfolio Components as described in detail
below.
Background:
AnBro Capital Investments (Pty) Ltd (“Anbro Capital”) is a boutique South
African asset management business which aims to use its investment knowledge
and experience to assist a select number of institutions, independent
financial advisors (IFAs) and ultra high net worth (UHNW) individuals manage
the long-term portion of their assets committed to equities in their overall
allocation model. More information about AnBro Capital can be found at
https://www.anbro.co. AnBro Capital is regulated by the Financial Services
Conduct Authority with license number 48371.
The primary aim of the AnBro World’s Biggest Brands Portfolio (JSE Code:
BRNDZ) is to invest in companies that have demonstrated proven success and
longevity over time. In many cases these are companies that are well known
to us. We use or interact with them daily and in my cases our lives are
intricately intertwined with them. The necessity of their products or
services to our everyday lives makes them loved and respected and ensures
our loyalty and continued use of them. This creates a moat and competitive
position which is envied by many. Over and above this the features
demonstrated by these companies and their products can be surmised as
follows:
• Stability and Reliability. Their longevity is testament to their ability
to survive multiple economic cycles and downturns. They oftentimes emerge
from economic crises stronger than they went into them. This increases
their appeal and safety.
• Global Presence. Due to their size and scope these businesses are
diversified across the world. This provides a nice mix of both First World
and Emerging Market exposures, which adds both solidity and growth
potential to the business in question and the portfolio at large.
• Cash Flows. Strong Brands invite continued and ongoing purchases and steady
margins. This is converted into strong cash flows which can be used for
multiple opportunities including reinvesting in growth, share buy backs
and of course dividends. Their consistent steady growth profile allows for
the type of optionality that many other companies don’t have the luxury
of such as investment in R&D, innovation, and expansion into new markets.
• Brand Loyalty. Brand loyalty entrenches a competitive position in the
marketplace as well as a perception of value and quality that allows
companies the type of flexibility required to raise prices, experiment
with new products or markets and to extend the reach and strength of the
brand in question. This usually allows for the maintenance of and even the
continued growth of market share and presence.
• Liquidity. Large Brands are by nature large companies too, their shares
are listed on and traded on multiple markets and are incredibly liquid as
a result. This liquidity ensures ease of trade and access to capital when
selling is required.
• Blue Chip status. Many of the world's biggest brands are considered blue
chip in nature. Blue Chip stocks are known for their quality, reliability,
strong financial position, and performance. They usually form the
foundation and cornerstone of any well diversified investment portfolio.
• Lower Volatility. Large well-respected companies often tend to demonstrate
lower volatility than smaller, riskier, or more cyclical companies. Their
size and stability help reduce the emotional stress associated with
investing.
This portfolio is aimed at long term investors that are interested in iconic
companies which have stood the test of time. It allows for the ownership of
a portfolio of well-respected blue-chip businesses across the globe that
have a history of outperformance and innovation.
Investment universe:
UNDERLYING STOCK UNIVERSE: Developed Market (as defined in the most
recent MSCI Global Investable Market
Indexes Methodology) worldwide stocks; and
may also include stocks which are American
Depository Receipts (ADRs) and Global
Depository Receipts (GDRs). Shares listed
on the Main Board of the Johannesburg Stock
Exchange may also be incorporated.
UNDERLYING INDEX UNIVERSE: Total Return Index Constituents include
indices that are exposed to Developed
Market (as defined in the most recent MSCI
Global Investable Market Indexes
Methodology) worldwide stocks.
UNDERLYING ETF UNIVERSE: ETFs that are physically replicated,
exposed to Developed Market (as defined in
the most recent MSCI Global Investable
Market Indexes Methodology) worldwide
stocks or benchmark indices as well as ETFs
listed on the Main Board of the
Johannesburg Stock Exchange may be
incorporated as ETF Constituents.
UNDERLYING CURRENCY ACCOUNT: USD, EUR, GBP, and CHF synthetic cash
accounts.
Other:
Noteholders should be aware that the Reference Portfolio Advisor is
independent of the Issuer. The performance of the Product is largely
dependent on the skill and decisions made by the Reference Portfolio Advisor.
Decisions made by the Reference Portfolio Advisor may not always be
profitable and therefore may have a material adverse impact on the value of
this Product. Moreover, past performance of other products managed by the
Reference Portfolio Advisor does not guarantee future positive performance
of this Product.
Listing information:
This listing (Series 32) is issued under the Information Memorandum of UBS
AG. Trading will commence on Wednesday, 20 September 2023.
INSTRUMENT NUMBER: 111365
ALPHA CODE: BRNDZ
ISIN: ZAE000326641
ISSUE SIZE (UNITS): 1,000,000
ISSUE PRICE (RAND/UNIT): 100.00
LISTING DATE: 20 September 2023
EXPIRY DATE: 19 September 2028
SECTOR: Specialist Securities
SUB-SECTOR: Actively Managed Certificates
FOREIGN STATUS: The Note is classified as Foreign for purposes
of the South African Reserve Bank Exchange
Control Regulations.
For further information kindly contact:
UBS KeyInvest South Africa
Tel.: +27 11 322 7129 / 7317
E-mail: keyinvestza@ubs.com
Web: http://keyinvest-za.ubs.com/AMC
Johannesburg
19 September 2023
Sponsor: UBS South Africa (Pty) Limited
Date: 19-09-2023 02:00:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
