UBS GAM launches two fixed income funds in Italy
UBS Global Asset Management has launched two Ucits compliant bond funds on the Italian market.
The UBS Global Opportunities Unconstrained Bond Fund invests in global fixed income and currency markets, aiming to generate profits with low correlation to fixed income markets and to interest rates.
The fund is said to have a high level of risk management and to be actively managed. At the end of August 2013 the fund had an option adjusted duration of -1.81 years. volatility is expected to be between 4 and 8% per year.
The fund is also unconstrained compared to traditional bond funds, having no benchmark, no geographical restrain and not being linked to a defined duration on bonds.
The UBS Global Dynamic Bond Fund invests in global fixed income and currency markets, with the aim of creating high profit in the medium term and in different market conditions.
Unlike the Global Opportunities Unconstrained Bond Fund, this fund’s portfolio duration needs to remain positive.