James Hay adds UBS 130/30 fund

The addition takes the number funds available on the James Hay Wrap to 1,151 – from 50 providers. Listed in the IMA North America sector and benchmarked against the Russell 1000 index, the UBS 130/30 Fund holds 50 to 70 positions in a long-only stock basket and 30 to 50 in a short position basket. It moves between 120% and 140% on the long side, and 20% to 40% for short. James Hay regional sales director Shaun Sandiford says the 130/30 is the second UBS fund recently added to the James Hay wrap platform. “130/30 funds have been strongly embraced in the US and many are saying they are s...