UBS AM readies its first QDLP funds
UBS Asset Management plans to launch three or four products under the Shanghai QDLP scheme, amid rising interest from Chinese investors in foreign assets.
UBS Asset Management plans to launch three to four private funds under China’s qualified domestic limited partner (QDLP) scheme by the end of the year to target mainland institutional and wealthy clients.
China chairman Ling Xinyuan told AsianInvestor that the products would invest in overseas funds of hedge funds, private equity funds, real estate funds and traditional mutual funds.
UBS AM set up its wholly foreign owned enterprise (WFOE), UBS Global Asset Management (Shanghai)…
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