UBS (Lux) Inst SICAV Emerg Mkts Eq Pas $ is a fund that invests directly in the stocks of companies from emerging market countries included in the MSCI Emerging Markets Index. It holds each stock in proportion to its weight in the index, ensuring the portfolio is diversified across various sectors and nations. The fund is managed passively to closely track the performance of the MSCI Emerging Markets Index, aiming to replicate its returns by mirroring its composition and weightings.