UBS Asset Management: No. 1 in China

After a year of firsts for our China business, UBS Asset Management has been ranked as the leading foreign asset manager in China.

30 abr 2018

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

Source: Z-Ben Advisors, 2018 China Rankings: The top foreign firms in China, April 2018 (http://z-benrankings.com/)

Improving faster than peers

Z-Ben's analysis argued that top foreign asset managers are improving faster than their other foreign asset manager peers lower down the rankings, and are pulling away in the three main business line categories, including onshore, outbound, and inbound business.

In Z-Ben's report, UBS Asset Management gets a high score not only because its onshore fund management business incorporates a joint venture fund manager and a wholly-owned investment platform, but also because Z-Ben believes UBS Asset Management is 'exceptionally well run.'

Well-positioned for a USD 12 trillion market

That means UBS Asset Management China business stands at the forefront of an onshore fund industry that is expected to grow from USD 1.8 trillion in assets under management currently to USD 12 trillion by 2027, according to estimates in Z-Ben's 2018 China Rankings report.

While competition will ratchet up, our recent efforts, ongoing investments, and commitment to leading the industry as China reforms, mean UBS Asset Management can bring strong and robust capabilities to onshore and offshore investors and will be the 'first call for China' in the global asset management industry.

Sources:
1: Z-Ben Advisors: 2018 China Rankings: The top foreign firms in China, April 2018

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