Allfunds Bank adds UBP Asset Management’s funds to its retail offer
Union Bancaire Privée Asset Management has signed a partnership with Allfunds Bank to offer its Luxembourg-domiciled Ucits funds to Allfunds’ network of retail distributors.
UBP AM’s offer to Allfunds Bank in Italy includes 38 compartments of the UBP’s Luxembourg Sicav, among which six hedged share classes. These include the recently launched funds UBAM – Unconstrained Bond and UBAM – Asia Equity High Dividend, which aim at creating good returns in a low interest rates scenario on bonds.
Luca Gabriele Trabattoni, Managing Director for Italy and Southern countries at UBP Asset Management said: “UBP AM’s approach in Italy has always been aimed at institutional investors, but we are now happy to offer our expertise to retail investors thanks to this new partnership with Allfunds Bank.”
Licia Megliani, regional manager Southern Europe & EEC at Allfunds Bank, added: “Allfunds Bank is glad to have signed this new partnership with UBP AM, which will allow us to strengthen our current offer to a wider range of Italian investors.”