UBS Microcap fund now on Macquarie Wrap
The UBS Microcap fund has been added to Macquarie's wrap platform, providing investors with access to fast growing companies, which were not affected by macroeconomic trends.
UBS said they launched their microcap fund 18 months ago, as it provided investors with an actively managed diversified portfolio, which invested in some of the fastest growing companies on the Australian market.
The fund generated 18.4 per cent per annum (after fees), compared to the 5.5 per cent benchmark.
UBS portfolio manager, Joel Fleming, said in the current low growth environment, the fund provided access to Australia's most dynamic companies that were often underappreciated due to their size.
Head of UBS Asset Management, Bryce Doherty said, investors were increasingly demanding products that provided more certainty, while they still had real growth opportunities.
"Being included on the Macquarie Wrap platform provides advisory groups a clear path to our research and insights in this often hard to access segment of the market," Doherty said.
Recommended for you
A fourth private credit fund has received interim stop orders from ASIC following the regulator’s surveillance review.
Perpetual is yet to confirm a buyer for its planned wealth management disposal, but has reported strong asset management inflows in the first quarter.
Two ETF fund managers have opted to switch away from Cboe and onto the ASX in search of better broker connectivity.
The former CEO and co-founder of Zenith Investment Partners has switched sides and moved in-house to take up an executive role at a listed fund manager.
