UBS to launch China's first foreign fund of funds

Pedro Gonçalves
clock • 2 min read

UBS Asset Management has announced that its Shanghai division has launched its first onshore fund of funds. This makes UBS the first foreign asset manager to launch a fund of private securities funds (FOF) in China. China's securities regulator on Friday gave approval for UBS Group to hold the majority stake in its securities joint venture. The company has become the first foreign-funded brokerage approved by the securities regulator since the rules on foreign investment in brokerages were implemented, according to the CSRC. The UBS FOF will use core and tactical investment strategies...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login