The latest news around the launch of investment funds, products and other financial offerings in Asia-Pacific.

UBS
UBS Asset Management has, through its wholly foreign-owned enterprise in China, launched a new series of funds. 

The range is called the UBS (CN) China Equity Private Fund Series 2, 3 and 7, which have completed filling with the Asset Management Association of China (AMAC), UBS said in a statement yesterday.  

The entities are being sold by CITIC Securities and China Wealth Management on a commission basis, with the first round of capital raising already completed.

“The partnership between UBS AM and CITIC Securities is an alliance between giants and a milestone in the development of UBS AM’s domestic business,” Adrian Chen, general manager of UBS Asset Management (Shanghai) Limited, said. 

UBS AM has operated in China’s equity market for more than 22 years. 

Since it received a Private Fund Management (PFM) licence in 2017, UBS AM has registered 13 private fund products. In 2019, UBS AM registered six products with regulatory authorities. UBS AM recently announced that it had completed filling with AMAC, which would allow it to provide investment advisory services to third-party institutions.