Wealth and Asset Management
UBS Asset Management launches first active ETF
UBS Asset Management launched its first active ETF, the UBS EUR AAA CLO Ucits ETF, which invests in the highest-rated tranches of collateralised loan obligations (CLOs). The strategy is managed by UBS AM’s Credit Investments Group, which had $58.5bn (CHF 46.6bn) in assets under management at the end of May….
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