Allfunds Bank has signed an agreement with Union Bancaire Privee Asset Management (UBP) whereby Allfunds’ network of retail distributors will be offered UBP’s Luxembourg-domiciled Ucits funds.
The offer to Italian Allfunds Bank includes 38 compartments of UBP’s Luxembourg Sicav, which have six hedged share classes. Included are the recently launched funds: UBAM – Asia Equity High Dividend, and UBAM – Unconstrained Bond. These funds aim to create good returns in a low interest rates bond scenario.
Managing Director for Italy and Southern countries at UBP, Luca Gabriele Trabattoni said of the partnership that UBP were happy to now offer their expertise to not just institutional investors, but now also retail investors.
Allfunds’ Southern Europe and EEC Regional Manager Licia Megliani said the new partnership with UBP AM allowed Allfunds to strengthen their current offer to a wider range of Italian investors.
SOURCE: Investment Europe 30/07/13