UBS Asset Management launches multi-asset defensive growth fund

The UBS Multi Asset Defensive Growth fund, which will be managed by Philip Brides and Paul Lang, is based on UBS's recently launched Key Selection SICAV fund, which the group said demonstrated strong defensive characteristics in the volatile markets experienced in the last three months of 2018. The group said it had implemented a rules-based risk management process with the aim of reducing downside risk. It added that it did not expect portfolio losses to exceed around 10% in any given 12-month period. RLAM unveils multi-asset fund for Trevor Greetham UBS Asset Management head of w...