Easy? Because as money cycles out of growth stocks from interest...

Easy? Because as money cycles out of growth stocks from interest rate speculation, it moves into value stocks?

Or if you mean the fund itself, for investors who don't want to get wiped out if the US market tanks?

FUM from July has decreased by 1 billion, from 23 billion to 22 billion, the share price has decreased by 50% in that same time.

Pretty far-fetched correlation if that's the argument of why the share price has gone down?

Given half the register was churned last quarter, again, who exactly is selling?

Lots of indicators pointing to UBS selling to itself, pushing the price down since it picked up a 5% holding back in October....