Investments  

UBS launches multi-asset growth fund

UBS launches multi-asset growth fund

UBS Asset Management has launched a multi-asset defensive growth fund.

The mandate, named UBS Multi Asset Defensive Growth fund, will be managed by Philip Brides and Paul Lang, who work within the broader multi-asset team at UBS.  

The fund will sit within the IA Flexible Investment sector and is based on a similar fund recently launched by UBS in Luxembourg

The minimum investment in the fund is £1,000, and the ongoing charge is 0.86 per cent at launch.

The fund aims to stay within certain risk parameters, and invest in a diverse range of assets. 

Andy Larkin, head of wholesale for the UK, Nordics and Benelux countries at UBS, said the fund would meet a need in the market for a more defensive approach to growth.

He said: "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."

Patrick Connolly, chartered financial planner at Chase De Vere, said: "The timing of this fund launch is pretty good as stock markets have been volatile and many investors are looking for some protection in their investment portfolios.  

"However, this is a very crowded space with many similar funds already available and, while this new UBS fund has strong risk management controls, it’s difficult to see how it stands out from the crowd."

david.thorpe@ft.com