What’s the catch?
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All the fund TER are at least 1%? 
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UBS keeps coming with marketing stuff to sell their active funds. If they were to offer passive ones, then it could be interesting
They are not part of this offer as far as I get it because that’s an ETF
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UBS reserves the right to withhold or reclaim the added amount in case of suspected abuse or if the newly invested assets are withdrawn within one year after the investment as part of this promotion.
Well, I don’t know why I even check it.
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I suppose for a long term investor, this restriction does not make any difference.
And actually I agree with them (!) that it make sense to apply a holding time limit, otherwise we would buy and sell every 1 minute grabbing 60% per hour 
I think the main “catch” is that their issuing commission % (!) and custody fees together is more than 1%, so they do not lose money anyway.
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UBS BUY alert?
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Per month