Fund Management
What's New In Investments, Funds? - UBS
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The latest in funds and investments around the world.
UBS
UBS Asset Management, part of UBS has launched a new income fund
targeting income and capital growth.
The UBS Global Diversified Income Fund targets a 4.5 per cent
annual yield (not guaranteed). It will employ an income smoothing
mechanism, aiming to provide a predictable monthly pence per unit
income over eleven months, with any remainder distributed in the
twelfth month of the fund’s accounting year.
Domiciled in the UK as an open-ended investment company, the
underlying strategy of the fund is based on the UBS (Lux) Key
Selection SICAV - Global Multi Income Fund. The portfolio is
globally diversified across asset classes, tapping into different
sources of income while mitigating risks. This includes equity,
fixed income, real estate and other diversifying income assets,
such as insurance-linked securities, infrastructure and bank
loans.
The fund will be managed by Philip Brides and Matt Bance, part of
the wider Investment Solutions team which manages $118 billion in
assets across multi asset and solutions mandates for clients
globally.