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Union Bancaire Privée Launches US High Yield Strategy
Josh O'Neill
25 November 2016
, the Swiss private bank, has launched the US High Yield Strategy.
The strategy will combine top-down macro allocation with bottom-up fundamental analysis. It will also use credit default swaps to provide highly liquid exposure to the US high yield market.
The launch completes UBP's range of high yield fixed income products and boosts investors' regional exposure to high yield markets, the bank said.
“This launch reflects the significant demand we have seen from clients for exposure to US high yield assets via highly liquid strategies,” said Nicolas Faller, co-chief executive of asset management at UBP.
Michaël Lok, co-CEO, added: “We feel our macro-based, liquidity-driven approach is ideally suited to the US high yield market and we believe the new strategy will provide a valuable tool for investors as part of their wider asset allocation considerations.”