UBS Asset Management has launched an Oeic version of its Sicav multi asset defensive growth fund, which it anticipates investors using as a major component in retirement planning.
Domiciled in the UK, the fund is based on the recently launched UBS (Lux) Key Selection Sicav multi asset defensive growth with euro and USD share classes. The euro variant of the fund launched in December 2018.
This latest fund has an ongoing charges figure (OCF) of 0.86% and is in the IA Flexible Investment sector. With a minimum investment of £1,000, it has a growth target of cash +3% to 5% over a full market cycle.
It will be managed by Philip Brides and Paul Lang who are part of the wider investment solutions team which managed $118bn in assets across multi-asset and solutions mandates for clients globally as at end September 2018.
The asset manager said risk-conscious investors have increasingly embraced higher risk asset classes in their pursuit of higher returns, but after years of muted market volatility the return of market risk may catch such investors off guard.
UBS AM said the fund will invest broadly to allow investors to participate in the growth potential of a wide range of financial markets worldwide. The fund aims to benefit from a diversified range of asset classes exposure, while staying within the risk tolerance of investors.
Andy Larkin (pictured), head of wholesale UK, Nordics and Benelux at UBS AM, said the fund will meet a need in the market for a more defensive approach to growth. “We can see this as being a major component in pre and post retirement planning, particularly in the current stage of the cycle and against a background of increasing market volatility.”