BS Asset Management ('UBS AM') today announced that CBI Member UBS Asset Management (Shanghai) Limited, its wholly foreign-owned enterprise (WFOE), has launched its first onshore fixed-income fund: "UBS (CN) China Ultra Short Income Bond Private Fund Series 1", which will now be registered with the Asset Management Association of China (AMAC).
The new fund utilizes UBS AM's global expertise in liquidity product management and responds to China's new asset management regulations. Brian Lou, Portfolio Manager at UBS AM (Shanghai) Limited, will manage the fund and has ten years' investment experience, with seven years' experience in fixed income.
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