UBS has mentioned it will likely be “constructing on” its actual property and personal markets enterprise, in its newest annual report.
The funding financial institution flagged a spread of other asset lessons within the report, together with actual property and personal markets, listed and different beta methods, exchange-traded funds, and sustainable- and influence investing merchandise and options.
“In our actual property and personal markets enterprise, we proceed to construct on our world scale, main core capabilities and extremely differentiated sustainable-investing and specialized-thematic providing, together with our chilly storage, vitality storage and life sciences methods,” the financial institution mentioned.
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“We additionally proceed to broaden our main multi-manager capabilities throughout actual property, infrastructure and personal fairness, together with the event of latest merchandise to satisfy the rising demand from wealth administration shoppers.”
It flagged sustainable and influence investing as key areas of curiosity for the financial institution’s shoppers, therefore increasing its providing throughout new net-zero ambition merchandise in 2023.
The financial institution’s actual property and personal markets division is one in all 5 enterprise areas, which it mentioned labored holistically throughout the financial institution to “serve our shoppers as one agency”.
The report mentioned the collaboration between enterprise divisions was “essential to the success of our technique and is a supply of aggressive benefit”.
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The financial institution’s highlights for 2023 included being the second largest asset supervisor of sustainable investing property for the yr to 31 December 2023, in addition to having $213bn (£169bn) of property invested in alternate options, reminiscent of hedge fund companies, actual property and personal markets.
The financial institution reported this week that it had bought $8bn of senior secured loans to different asset supervisor Apollo, as a part of its efforts to dump non-core property from its takeover of Credit score Suisse final yr.
UBS mentioned the deal was the ultimate step in its carve-out of Credit score Suisse’s securitised merchandise enterprise, which Apollo rebranded Atlas.
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