Platform provider netwealth has appointed UBS Global Asset Management to manage investments for three of its Global Specialist Funds.
UBS GAM and netwealth confirmed the arrangement this week, with UBS GAM Australia and New Zealand head Ben Heap welcoming the granting of the mandate.
Netwealth executive director Matt Heine said the company was excited to be working with UBS GAM.
He said the new range of funds would offer netwealth's investors and super members more than just a range of low cost diversified funds.
"They aim to deliver a solution that can react and respond to – as well as benefit from -changing market conditions," Heine said.
