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UBS has stated will probably be “constructing on” its actual property and personal markets enterprise, in its newest annual report.
The funding financial institution flagged a variety of different asset lessons within the report, together with actual property and personal markets, listed and different beta methods, exchange-traded funds, and sustainable- and influence investing merchandise and options.
“In our actual property and personal markets enterprise, we proceed to construct on our international scale, main core capabilities and extremely differentiated sustainable-investing and specialized-thematic providing, together with our chilly storage, vitality storage and life sciences methods,” the financial institution stated.
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“We additionally proceed to increase our main multi-manager capabilities throughout actual property, infrastructure and personal fairness, together with the event of latest merchandise to fulfill the rising demand from wealth administration purchasers.”
It flagged sustainable and influence investing as key areas of curiosity for the financial institution’s purchasers, therefore increasing its providing throughout new net-zero ambition merchandise in 2023.
The financial institution’s actual property and personal markets division is certainly one of 5 enterprise areas, which it stated labored holistically throughout the financial institution to “serve our purchasers as one agency”.
The report stated the collaboration between enterprise divisions was “essential to the success of our technique and is a supply of aggressive benefit”.
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The financial institution’s highlights for 2023 included being the second largest asset supervisor of sustainable investing belongings for the yr to 31 December 2023, in addition to having $213bn (£169bn) of belongings invested in alternate options, similar to hedge fund companies, actual property and personal markets.
The financial institution reported this week that it had offered $8bn of senior secured loans to different asset supervisor Apollo, as a part of its efforts to unload non-core belongings from its takeover of Credit score Suisse final yr.
UBS stated the deal was the ultimate step in its carve-out of Credit score Suisse’s securitised merchandise enterprise, which Apollo rebranded Atlas.
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