UBS Asset Management (Shanghai), the wholly foreign-owned enterprise (WFOE) of UBS Asset Management, has rolled out its first onshore equity fund for investors in China.
The new vehicle, dubbed UBS (CN) China Equity Private Fund Series 1, will mainly invest in the A-share market and will incorporate a bottom-up investment process.
It will be managed by Zizheng Wang, who works as a portfolio manager at UBS Asset Management (Shanghai). Wang has an experience of over seven years in A-share investment and research.
The fund, which awaits registration with the Asset Management Association of China (AMAC), can be accessed by China-based institutional investors and HNWIs.
The fund launch comes after UBS secured a private fund management (PFM) licence from AMAC earlier this year.
UBS Asset Management head of Asia Pacific Rene Buehlmann said: “China is an important growth market for UBS AM and we are committed to bringing domestic clients a new range of services and offerings. Our new private fund, the first equity fund to be offered in China by a foreign manager, underscores that commitment.”