A year of firsts
UBS Asset Management ranking as top foreign asset manager in China follows a year of firsts for our business.
In July 2017, UBS Asset Management (Shanghai) Limited, our China-based wholly foreign-owned enterprise, became the first Qualified Domestic Limited Partner (QDLP) license-holder to receive a Private Fund Management license.
That milestone meant we could offer onshore fixed income, equity, and multi-asset funds to institutional and high net worth investors in China.
In November 2017, we launched the first onshore equity fund for local investors run by a foreign asset manager, and we have onshore fixed income private fund products in the pipeline.
For offshore investors, we were the first asset manager to launch a Luxembourg UCITS fund denominated in onshore renminbi (CNY), bringing opportunities that complement our award-winning China equity strategies.
China's Top 10 Foreign Asset Managers (Score out of 100), 2018