UBS offers advisers pragmatic value bias

UBS Asset Management is seeking to throw off its reputation as a dyed in the wool value manager developed under Philips & Drew's former chief investment officer Tony Dye and convince intermediaries it has an investment philosophy that can thrive in all market conditions. The group's UK managing director of retail, Graham Kane, argues that the asset manager's true investment philosophy is not deep value but price to intrinsic value. This approach, which is still value-biased, provides the basis for its UK Equity, Global Optimal and Managed portfolios, the first three funds in the UBS retai...