Fund Management
What's New In Investments, Funds? - UBS Asset Management
The latest in funds and investments within the Asia-Pacific region.
UBS Asset Management
UBS Asset
Management has launched the UBS (TW) Multi Income High Yield
Bond Fund.
The fund invests primarily in non-investment-grade bonds with higher risk.
Dividends may be paid out of capital. Bank of Taiwan is the custodian bank.
The portfolio manager of the UBS (TW) Multi Income High Yield Bond Fund is Pantheon Chung.
"The fund has a relatively high flexibility in terms of its investment universe,” said Chung. “It is not constrained by the global high yield bond index and can invest in multiple asset classes including US high-yield bonds, USD-denominated emerging market bonds, local currency-denominated emerging market bonds, Asian high yield bonds, European high-yield bonds and investment-grade bonds. The fund seeks to capture market momentum via the global high-yield and emerging market bond markets but is also capable of reducing downside risk via the investment-grade bond component and by the use of credit default swaps."
