UBS rebrands UK Select fund

UBS is to rename its £53m UK Select fund the UBS UK Opportunities fund from 10 June.

Edward Peter-Hoblyn has managed the fund since November last year. The name change follows a recent review of the fund holdings and a reshuffle of several of its underlying investments, the group said. Its investment objective will remain the same, with the aim to achieve capital growth through a diversified UK equity portfolio. The fund holds 50 to 70 stocks, with the majority of its exposure to large and mega caps. Its top three holdings as at 30 April were Barclays, ICAP and Hunting. UK Select fell 3.6% over three years against a sector average return of 10.1%, and 13.6% ove...