UBS AM continues rollout of China strategy

UBS Asset Management has continued the buildout of its China business, with its two Chinese wholly foreign-owned entities (WFOEs) targeting onshore advisory business and its mainland joint venture UBS SDIC securing a Shenzhen QDIE licence. But the Swiss firm does not currently plan to participate in the Hong Kong-China mutual recognition of funds (MRF) scheme. Having prioritised China as its main growth driver globally, UBS AM now has multiple access points to mainland clients via…