Shanghai, 24 October 2019 –UBS Asset Management (Shanghai) Ltd, UBS Asset Management's wholly foreign-owned enterprise (WFOE), today announced that its first onshore multi asset fund, “UBS China Balanced Multi Asset Private Securities Investment Fund Series 1”, had completed filing with the Asset Management Association of China (AMAC). The launch of the fund expands UBS Asset Management's onshore product portfolio to include multi asset investment.
“Different from the traditional hybrid fund, the UBS Balanced Multi Asset Fund is actively managed combining a top-down macro asset allocation view with bottom-up security selection.” said portfolio manager who manages the fund, Max Luo. With nine years of investment experience, Luo is a member of UBS Asset Management's Investment Solutions Asset Allocation team, and focuses on macro research, asset allocation and factor-based investing.
“China’s onshore equity market is more volatile than other stock markets as it is heavily influenced by retail investors who tend to trade at a relatively higher frequency. By analyzing implied medium and short-term risks and the respective opportunity sets at the macro level, we drive our active asset allocation through a range of levers. These include cash versus risk, equity versus bonds, size rotation, sector rotation and portfolio hedging. By leveraging our top-down asset allocation view on top of the industry leading security selection ability of our equity and fixed income managers, we seek to benefit from diversified risk exposures and systematically improve risk-adjusted return.” he added.
“UBS Asset Management's Investment Solutions team has a multi-asset investment heritage of over 30 years and over USD 100 billion in assets under management. As a pioneer investor in China, UBS Asset Management’s equity and fixed income teams have more than 10 years of investment experiences and a track record to demonstrate its' strong investment capabilities. To help investors achieve their investment targets, we are launching a product that leverages the best of what UBS Asset Management has to offer by combining our macro research capability and extensive local investment experience.” noted Rob Worthington, Head of Investment Solutions Specialists at UBS Asset Management.
Raymond Yin, Head of Asia Pacific and Head of China Onshore at UBS Asset Management, said: “As China's financial markets mature, investment styles there have diversified and demand for asset allocation products has grown. UBS Asset Management is committed to the continued development of an active cross-asset management strategy. We believe that our diverse range of investment products and customized services will continue to create value for investors.”
UBS Asset Management became the first company with both a Private Fund Management (PFM) license and a Qualified Domestic Limited Partner (QDLP) scheme quota in China in July 2017. To date, it has released equity, bond, FOF and multi asset products.
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