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UBS raises US$350 million for an FMP in Asia

UBS Global Wealth Management has recently raised US$350 million for a fixed maturity portfolio (FMP) from its private banking clients in Asia, Asian Private Banker has learnt. Managed by UBS Asset Management, the fund — UBS Asian Bonds Series 6 — has a targeted yield to maturity of 5.00% to 5.75%. The average credit rating stands at BBB- at inception,…

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