The Geneva headquartered bank UBP has launched a new US high yield strategy in its latest bid to strengthen its fixed income capabilities.
Union Bancaire Privée’s new strategy uses credit default swaps in order to provide highly liquid exposure to the US high yield market. The new fund will be managed by Christel Rendu de Lint and Philippe Gräub.
The US strategy completes UBP’s range of high yield fixed income products, running alongside the UBAM Euro High Yield Solution, the UBAM Global High Yield Solution and UBAM EM High Yield Short Duration Corporate Bond funds.
Commenting on the launch, co-CEO of asset management at UBP, Nicolas Faller, said: ‘This launch reflects the significant demand we have seen from clients for exposure to US high yield assets via highly liquid strategies.’
Speaking about the new strategy, co-CEO of asset management, Michaël Lok, said: ‘We feel our macro-based, liquidity-driven approach is ideally suited to the US high yield market and we believe the new strategy will provide a valuable tool for investors as part of their wider asset allocation considerations.’
The fund will be available in Austria, Luxembourg, Belgium, Germany, Spain, Finland, France, the Netherlands, Sweden, the United Kingdom, Italy, Singapore and Switzerland