UBS to enter UK retail market with three funds

UBS Investments is to launch three retail funds at the end of the month as its first offerings to the intermediary market. The funds will have a 1% discount off the initial 4% during the two-week offer period, which starts on 28 June. UBS UK Select, to be managed by Paul Fairbrother, is the group's replacement for its UK Growth fund, which had been scheduled for launch this month but was pulled after the fund manager, Hugh Sergeant, left the group to join SG Asset Management. UBS Global Optimal, a diversified portfolio aiming to capitalise on stock opportunities at the sector level ra...