Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Swiss Exchange  >  UBS Group    UBSG   CH0244767585

Mes dernières consult.
Most popular
Delayed Quote. Delayed  - 01/16 05:31:20 pm
18.8 CHF   -0.56%
12:01p Saudi Aramco Excludes UBS, Bank of America From IPO Advice Roles ..
11:40a EXCLUSIVE - SAU : sources
01/13 MoneyGram shares jump on partnership with bitcoin-rival Ripple
News SummaryMost relevantAll newsSector newsTweets

UBS : Asset Management launches first onshore equity fund in China

share with twitter share with LinkedIn share with facebook
share via e-mail
11/20/2017 | 01:06pm CET
  • UBS Asset Management becomes the first foreign asset manager to launch an onshore equity fund for local investors in China
  • The firm offers domestic investors a new way of investing in the A-share market based on its internationally tested investment processes
  • The firm remains optimistic about the Chinese economy and the A-share market; sees strong long-term growth opportunities in blue-chip stocks and sector leaders

Shanghai, 20 November 2017 - UBS Asset Management ('UBS AM') today announced that UBS Asset Management (Shanghai) Limited, its wholly foreign-owned enterprise (WFOE), has launched the 'UBS (CN) China Equity Private Fund Series 1'. UBS Asset Management (Shanghai) Limited has completed its initial fund offering to investors and the fund is now officially established. It will start the fund registration process with the Asset Management Association of China (AMAC) soon.

UBS AM becomes the first foreign asset manager to launch an onshore equity fund in China, hard on the heels of becoming the first Qualified Domestic Limited Partner (QDLP) license-holder to receive a Private Fund Management (PFM) license in July 2017.

The fund will invest primarily in the A-share market and is available to both qualified institutional investors and high-net-worth individuals (HNWIs) based in China. Zizheng Wang, a portfolio manager at UBS Asset Management (Shanghai) Limited with more than seven years' experience in A-share investment and research, will manage the fund.

'From a long-term perspective, UBS AM sees sustainable growth in the Chinese economy and opportunities in the A-share market. Blue-chip stocks in the A-share market are fairly valued and leading companies across numerous sectors are enhancing their international competitiveness, leading to attractive investment opportunities.

This new fund will adhere to our experienced China Equity team's mature and robust growth investing philosophy and bottom-up investment process, as well as Asset Management's proprietary risk management system', said Wang.

Rene Buehlmann, Head of Asia Pacific at UBS Asset Management, added: 'China is an important growth market for UBS AM and we are committed to bringing domestic clients a new range of services and offerings. Our new private fund, the first equity fund to be offered in China by a foreign manager, underscores that commitment. We aim to be a leading asset manager in China for both onshore and offshore investors.'

Aries Tung, Head of Strategy and Business Development China, at UBS Asset Management, commented: 'The track record of our offshore China equity investment products has given us the confidence to establish our onshore private fund. As China continues to liberalise its market, domestic investors are looking to both traditional and alternative assets for a broader investment universe and diverse opportunities.

UBS AM has a comprehensive plan to develop its business in the China market and will gradually roll out various asset classes, including fixed income and alternatives.'

Notes to editors

UBS AM has been serving China investors since the 1990s and first entered the China market in 2005 through UBS SDIC Fund Management Co. Ltd., a joint venture with the State Development & Investment Corporation (SDIC), offering onshore mutual fund management and services. In 2011, UBS AM established UBS Asset Management (China) Limited as a wholly foreign-owned enterprise (WFOE) in Beijing, to provide investment management and advisory services for alternative investments.

In July 2017, UBS Asset Management was the first international manager with a Qualified Domestic Limited Partner (QDLP) quota to receive a Private Fund Management (PFM) license in China, broadening its capability to issue and manage onshore products.

Media contacts


Krystal Miller (London), [email protected] ubs.com, T: +44 207 901 5537
Mark Panday (Hong Kong), [email protected] ubs.com, T: +852 2971 8221

UBS Group AG published this content on 20 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 November 2017 12:05:03 UTC.

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on UBS GROUP
12:01p Saudi Aramco Excludes UBS, Bank of America From IPO Advice Roles -Reuters
01/13 MoneyGram shares jump on partnership with bitcoin-rival Ripple
01/13 MoneyGram shares jump on partnership with bitcoin-rival Ripple
01/12 UBS : and Village Capital launch VC Pathways Program for Black/Latinx/Female Ent..
01/12 May tells bankers they are a priority for Brexit amid job warnings
01/11 UBS : Announces Launch of a New Socially Conscious Investment Strategy Focused o..
01/10 Bruised Deutsche Bank investors demand rapid results from Cryan
01/08 UBS : Invitation Presentation of UBS's fourth quarter 2017 results
01/08 UBS in Talks to Buy Majority Stake in China Securities Joint Venture, CEO Say..
More news
News from SeekingAlpha
01/04 WALL STREET BREAKFAST : Next Trigger For Shale Expansion?
01/03 Investors prepare for Mifid II
2017 Reasons To Be Bullish Bank Stocks In 2018
2017 Closing Out 2017 - A Millennial's DGI Portfolio Update
2017 The Futility Of Forecasts And My Forecast For 2018
Financials ( CHF)
Sales 2017 29 195 M
EBIT 2017 5 803 M
Net income 2017 3 594 M
Debt 2017 -
Yield 2017 3,46%
P/E ratio 2017 20,69
P/E ratio 2018 14,40
Capi. / Sales 2017 2,49x
Capi. / Sales 2018 2,41x
Capitalization 72 836 M
Duration : Period :
UBS Group Technical Analysis Chart | UBSG | CH0244767585 | 4-Traders
Technical analysis trends UBS GROUP
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 27
Average target price 18,6  CHF
Spread / Average Target -1,7%
EPS Revisions
Sergio P. Ermotti Group Chief Executive Officer
Axel A. Weber Chairman
Sabine Keller-Busse Group COO & Head-Human Resources
Kirt Gardner Group Chief Financial Officer
Michel Demaré Independent Vice Chairman
Sector and Competitors
1st jan.Capitalization (M$)
UBS GROUP5.32%75 582
BLACKROCK8.14%89 069