UBS AM plans MRF products, cautions on alternatives
The Swiss firm will set up funds in Hong Kong for the mutual recognition scheme as part of its China buildout. Meanwhile, its Asia head flags potential capacity issues for some alternative assets.
UBS Asset Management is to set up a range of products in Hong Kong as part of its plan to participate in the mutual recognition of funds (MRF) scheme between Hong Kong and China, as it builds on its already significant mainland presence.
Ulrich Körner, the firm's Zurich based president, confirmed it was in the process of putting in place funds for MRF. UBS AM has no Hong Kong-authorised products, so this is the first stage in the process, he told AsianInvestor during a recent trip…
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