UBS reduces indirect costs to 0%
UBS Asset Management has reduced indirect costs and management fees across its UBS Tactical Beta Funds range to help improve the investment experience for clients.
Management fees across the fund range – balanced, conservative, and growth – has been reduced to 0.29% from 0.35%.
Indirect costs are now non-existent at 0% reduced from 0.15%.
UBS Asset Management head for Australia and New Zealand, Bryce Doherty, said: “UBS Asset Management is pleased to announce a major reduction in fees across the UBS Tactical Beta Funds range”.
“We are always looking for ways to improve the investment experience for our clients and this is clearly a great outcome for those looking at a cost effective way to invest in a professionally managed diversified portfolio,” he said.
Recommended for you
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
In the latest Meet the Manager profile, Money Management speaks with Michael Skinner, founder and managing director at Blackwattle Investment Partners.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.
Following yesterday’s news about First Sentier Investors closing four investment teams, a second global asset manager has announced it is closing its only dedicated Australian fund.
