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UBS Global Asset Management wins netwealth mandate
UBS Global Asset Management has been selected by platform provider netwealth to manage investments for three of its Global Specialist Funds.
netwealth is invested in UBS' Tactical Beta Funds , which now acts as the underlying fund for the netwealth Index Opportunities Conservative Fund, balanced and growth option.
"Investors are not prepared to keep paying for underperformance and our new range of funds challenge the status quo," netwealth executive director Matt Heine said.
The Tactical Beta Funds were launched in May to meet client demand for a multi-asset strategy that moved beyond purely passive index investment, UBS stated.
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