The mandate will be managed by UBS Asset Management's property securities team which is comprised of David Scott, Portfolio Manager, and Pat Barrett, Analyst. Together they have over 56 years of combined experience and have a long standing working relationship of over 15 years. They have a proven track record in various market environments, achieving outperformance of 203bp per annum since joining UBS Asset Management in 2011.
Bryce Doherty, CEO of UBS Asset Management, Australia and New Zealand, said: "We are excited to be partnering with Colonial First State again through our highly experienced AREIT team of Dave and Pat. The UBS AREIT strategy continues to play an important role in client portfolios, given the reliable income and solid growth the Australian property sector has to offer."
The UBS Asset Management's AREIT team are now providing property expertise and management of over $580 million on behalf of our underlying clients.
Media contact
UBS AG | ||
Jen Warat | T: +61 411 383 996 | |
Caroline Gurney | T: +61 403 279 605 | |
About UBS
UBS provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland. The operational structure of the Group is comprised of our Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. UBS's strategy builds on the strengths of all of its businesses and focuses its efforts on areas in which it excels, while seeking to capitalize on the compelling growth prospects in the businesses and regions in which it operates, in order to generate attractive and sustainable returns for its shareholders. All of its businesses are capital-efficient and benefit from a strong competitive position in their targeted markets.
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