UBS Liquid Assets, Cash Reserves funds to access deposit sweep program

By Toni Weeks

San Diego, April 5 - UBS Cash Reserves Fund and UBS Liquid Assets Fund may begin participating in the bank deposit sweep program administered by UBS Financial Services Inc. on April 9, according to a 497 filing with the Securities and Exchange Commission.

The program allows the free cash balances in various client securities accounts to be swept into interest-bearing deposit accounts.

According to the filing, investors eligible to participate in the program may withdraw available balances from the program in order to directly purchase shares of the fund, subject to a minimum $5,000 investment requirement for purchases made through the withdrawal of available balances from the program.

UBS Global Asset Management (Americas) Inc. serves as the investment adviser to the funds and is an affiliate of London-based UBS Global Asset Management.

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