UBS Asset Management launches UBS (CN) China Equity Private Fund Series 2, 3 and 7

Shanghai, 18 February 2020 - UBS Asset Management (UBS AM) today announced, UBS Asset Management (Shanghai) Limited, its wholly foreign-owned enterprise (WFOE) in China, had launched the UBS (CN) China Equity Private Fund Series 2, 3 and 7, which have completed filling with the Asset Management Association of China (AMAC). The fund series are being sold by CITIC Securities and China Wealth Management on a commission basis, with the first round of capital raising already completed.

Zizheng Wang, the portfolio manager of the products said, “UBS AM’s China Equities team creates value for investors by adhering to a mature and robust value-investing philosophy and bottom-up investment process, as well as a proprietary risk management system. In 2017, we launched “UBS (CN) China Equity Private Fund Series 1”, the first onshore equity fund managed by a foreign asset manager. The team’s onshore investment strategy and risk management capability have been fully tested by the market.”

UBS AM has more than 22 years of experience investing in China’s equity market, and manages the world’s largest China equity fund. UBS AM’s equities team holds a long-term bullish view about China’s economic growth, and adheres to a value-investing philosophy in pursuit of long-term returns based on fundamentals and profit growth.

Bin Shi, Head of China Equities, UBS AM, said, “There are lots of opportunities in China’s equity market, where many high-quality companies have attractive valuations. New economy industries including consumer, healthcare and information technology, are potential beneficiaries of China’s economic restructuring. In particular, the number of Chinese companies with global competitiveness is increasing, which will bring attractive investment opportunities.”

Commenting on the cooperation with CITIC Securities, Adrian Chen, General Manager of UBS Asset Management (Shanghai) Limited, said, “The partnership between UBS AM and CITIC Securities is an alliance between giants and a milestone in the development of UBS AM’s domestic business. It is also a testament to the confidence domestic partners and investors have in UBS AM's investment capability and style.”

Adrian Chen added that the fundraising process benefited from UBS Asset management's leadership position in China equity strategy, and the outperformance of its onshore and offshore products.

As WFOEs issue products and carry out businesses in China, the investment styles, philosophies, process systems and risk control standards of foreign asset managers have, increasingly, become accepted by the local market, added Chen. Over the last year or so, increased understanding and cooperation between fund managers and‎ investors has provided momentum to value investing in the A-share market.

Since it received a Private Fund Management (PFM) license in 2017, UBS AM has registered 13 private fund products, and is number-one in terms of products offered by WFOEs. In 2019 , UBS AM registered six products with regulatory authorities. UBS AM recently announced that it had completed filling with AMAC, which would allow it to provide investment advisory services to third-party institutions.

Notes for editors

About UBS

UBS provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland. UBS' strategy is centered on our leading global wealth management business and our premier universal bank in Switzerland, enhanced by Asset Management and the Investment Bank. The bank focuses on businesses that have a strong competitive position in their targeted markets, are capital efficient, and have an attractive long-term structural growth or profitability outlook.

UBS is present in all major financial centers worldwide. It has offices in 50 regions and locations, with about 31% of its employees working in the Americas, 32% in Switzerland, 19% in the rest of Europe, the Middle East and Africa and 18% in Asia Pacific. UBS Group AG employs over 67,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).

www.ubs.com/asset-management

For professional/institutional investors only. This document and its contents have not been reviewed by, delivered to or registered with any regulatory or other relevant authority in the People's Republic of China (""PRC""). This document is for informational purposes and should not be construed as an offer or invitation to the public, direct or indirect, to buy or sell securities. This document is intended for limited distribution and only to the extent permitted under applicable laws in the PRC. No representations are made with respect to the eligibility of any recipients of this document to acquire interests in securities under the laws of the PRC.
Using, copying, redistributing or republishing any part of this document without prior written permission from UBS Asset Management is prohibited. Any statements made regarding investment performance objectives, risk and/or return targets shall not constitute a representation or warranty that such objectives or expectations will be achieved or risks are fully disclosed. The information and opinions contained in this document is based upon information obtained from sources believed to be reliable and in good faith but no responsibility is accepted for any misrepresentation, errors or omissions. All such information and opinions are subject to change without notice. A number of comments in this document are based on current expectations and are considered “forward-looking statements”. Actual future results may prove to be different from expectations and any unforeseen risk or event may arise in the future. The opinions expressed are a reflection of UBS Asset Management’s judgment at the time this document is compiled and any obligation to update or alter forward-looking statements as a result of new information, future events, or otherwise is disclaimed.
You are advised to exercise caution in relation to this document. The information in this document does not constitute advice and does not take into consideration your investment objectives, legal, financial or tax situation or particular needs in any other respect. Investors should be aware that past performance of investment is not necessarily indicative of future performance. Potential for profit is accompanied by possibility of loss. If you are in any doubt about any of the contents of this document, you should obtain independent professional advice.
Source for all data and charts (if not indicated otherwise): UBS Asset Management.
The securities or products mentioned herein may only be permitted to be offered to approved PRC investors and/or eligible investors under the relevant PRC laws and regulations. The relevant PRC investors shall obtain applicable approvals/licenses/registrations from the relevant authorities, and comply with the relevant laws and regulations.
© UBS 2020. The key symbol and UBS are among the registered and unregistered trademarks of UBS. All rights reserved.