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UBS launches 130/30 strategy fund aimed at private investors


UBS has launched a new fund based on an investment concept incorporating a 130/30 strategy, the UBS (Lux) Key Selection Sicav - US Equities 130/30 B, with the aiming of extending the availability of 130/30 strategies from institutional to private investors.

Up to now, UBS says, fund products with a 130/30 strategy have mostly been the preserve of institutional investors. The new fund offers private investors access to the strategy, which takes advantage of additional sources of outperformance by taking on average long positions equivalent to 130 per cent of the fund's capital and short positions amounting to 30 per cent, giving the fund net long exposure of 100 per cent.

Because of its ability to take short positions on overvalued stocks, UBS says, the Key Selection US Equities 130/30 fund has more potential to outperform than long-only equity funds, while its volatility is not substantially higher than the market average.

The fund portfolio is broadly diversified in terms of both stocks and sectors and favours listed US large and mid-cap stocks. Its benchmark is the MSCI USA index, and is designed for private investors with a long-term investment horizon.

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