UBP has launched a new investment grade fund as it expands its euro-denominated fixed income offering, the firm has announced.
The UBAM - High Grade Euro Income fund will combine top-down macro allocation with liquid positions in interest rates and credit securities.
This is the same approach used by UBP’s global and absolute return fixed income team, led by Christel Rendu de Lint and Philippe Gräub. The approach was initially developed for high-yield portfolios but now provides exposure to euro-denominated investment grade markets.
Michaël Lok, co-CEO for asset management at UBP, said: ‘This new fund is particularly attractive for investors as part of their wider asset-allocation considerations, and our liquidity-focused macro approach is a perfect fit with the euro investment grade market.’
The fund will complete UBP’s range of benchmarked and absolute return strategies managed actively by the fixed income team.