UBS enters Hong Kong retail funds space

Swiss bank introduces a commodities-linked guaranteed fund.

UBS has entered Hong Kongs retail funds market for the first time by introducing a commodities-linked guaranteed fund, which will serve as a beachhead for the firms line of structured funds, says Gary Hung, director in the risk management products team.

The firm has tapped Hong Kong retail investors for the past three years via 13 structured notes but it now wants to expand its reach by marketing mutual funds as well. Based on discussions with our distributors...

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