UBS AM plans MRF products, cautions on alternatives
The Swiss firm will set up funds in Hong Kong for the mutual recognition scheme as part of its China buildout. Meanwhile, its Asia head flags potential capacity issues for some alternative assets.
UBS Asset Management is to set up a range of products in Hong Kong as part of its plan to participate in the mutual recognition of funds (MRF) scheme between Hong Kong and China, as it builds on its already significant mainland presence.
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