UBS head of fixed income capability Simon Foster is considering moving assets in to mortgage backed securities (MBS) as fears over the potential end of quantitative easing (QE) weigh heavy on investors.
UBS has become the largest global wealth manager after its assets under management soared in 2012, according to a survey from UK-based research firm Scorpio Partnership.
Last July’s pledge by ECB president Mario Draghi to do “whatever it takes” to save the euro has sparked a run that saw the MSCI Europe index beat the MSCI World by 6% in the last year, surpassed only by the US in terms of performance.
Over the past couple of years, the landscape of the wealth management sector has evolved markedly.
Multi-asset managers have been moving back into property for the first time since the financial crisis, as higher income levels from the sector attract yield-hungry investors.
ON NORTH AMERICA
Kira Nickerson discovers that some fund managers are beginning to re-examine this previously unpopular asset class.
UBS Global Asset Management is launching the UBS Sterling Corporate Bond Indexed fund, its first passive fixed income fund for the UK wholesale market.
Bill O'Neill has left Merrill Lynch Global Wealth and Investment Management to join UBS.
Graham Glass has joined City Financial to spearhead the group’s fixed income operations, as the firm looks to build up its product range in this area.
Justin Wells, manager of the UBS Emerging Markets Equity Income fund, reveals where he is finding the best income opportunities across emerging markets.
Thomas Becket, chief investment officer at Psigma Investment Management, has been selling down his exposure to high yield credit, taking the view the asset class is now priced for perfection.
Investors in some of the UK's worst funds have been urged to dump ten serial underperformers from their portfolios in a study by Chelsea Financial Services.
UBS Asset Management is to become the latest group to boost its passive fund offering in the UK, as it launches the first product in a new range for retail investors.
UBS is reviewing the future of its underperforming UK Smaller Companies fund, managed by Frank Manduca (pictured).
The Financial Services Authority (FSA) has fined UBS £9.45m for failures in the sale of the AIG Enhanced Variable Rate fund.
First State Investments has launched a Global Credit Income fund for the UK market, targeting wealth managers and discretionary investors.