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UBS provides place for unloved stocks




Growth by investing in developed markets in the Asia Pacific region excluding Japan

Minimum investment:
Lump sum £1,000,
monthly £50

Investment split:
53.1% Australia, 26.9% Hong Kong, 14.7% Singapore,
2.7% New Zealand, 2.6% cash

Isa link:

Pep transfers:

Initial 4%,
annual 1.5%

Initial 3%,
renewal 0,5%

Tel: 0800 587 2111

UBS Global Asset Management&#39s developed Asia equity fund has been created through a conversion of an exempt unit trust into an Oeic fund for retail investors. The fund will invest in the Asia Pacific region excluding Japan.

Willis Owen head of communications Kerry Nelson points out that UBS has phenomenal global resources, with analysts specialising and covering a plethora of geographical and sector areas. She believes it has the right credentials and capabilities to utilise these to its full advantage in running and launching funds &#45 not only in mainstream areas but in those that focus on new and growing opportunities.

She says: “The developed Asia Equity fund will not be a mass market product due to the nature of the beast. However, it does give exposure to companies in geographical areas that are unloved by other funds and UBS should be capable of delivering on the basis of its resources. The adviser remuneration and charges are very much in line with other funds and offer fair value.”

Nelson thinks there is nothing specifically to dislike about this fund. However, she feels it will have fairly limited appeal. She says: “This would be suitable for an investor whom perhaps has a mature diversified portfolio and wants exposure to the developed Asia market.”

Because the fund operates in such a small market Nelson believes there is no real direct competitor. She adds: “I would suggest the First State Asia pacific leaders fund, which invests in similar geographical areas, although it does not use the same benchmark as the UBS fund. “

Nelson points out that the UBS fund does not yet have a retail rack record but the institutional track record from which it emerged is strong. She concludes: “Perhaps the fund illustrates that there are opportunities in this area that should not be ignored.”


Suitability to market: Average
Investment strategy: Average
Charges: Good
Adviser remuneration: Average

Overall 7/10


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