UBS plans July launch for UBS Emerging Market Debt Fund

By Toni Weeks

San Diego, May 16 - The UBS Funds announced it is planning a new fund that will invest in debt securities tied economically to emerging market countries.

The UBS Emerging Markets Debt Fund will offer class A, class C and class Y shares. Ticker symbols have not yet been determined. The expected launch date is July 16.

The fund will seek to maximize total return consisting of capital appreciation and current income by investing, under normal circumstances, at least 80% of its net assets, plus any borrowings for investment purposes, in debt securities and other debt instruments that are tied economically to emerging market countries. The investments may be of all types and denominated in any currency and include debt securities issued by governments, government-related entities, corporations, supranational entities and entities organized to restructure debt of emerging markets issuers.

Uwe Schillhorn will be the portfolio manager.

Shareholder fees will include a 4.5% front-end sales charge imposed on class A purchases, a 0.75% contingent deferred sales charge imposed on class C purchases and a 1% redemption fee that applies to all three share classes for amounts redeemed within 90 days of purchase.

Management fees will be 0.75%. Including other fees and expenses and a fee waiver agreement with the advisor, the total annual fund operating expenses will be limited to 1.25% for class A, 1.75% for class C and 1% for class Y shares.

New York-based UBS Global Asset Management (Americas) Inc. will serve as the investment adviser.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.