• The joint initiative offers two co-branded fixed income funds designed exclusively for JBWere’s wholesale clients.
• The new product suite includes domestic and global credit portfolios which have been structured to align with JBWere’s Asset Allocation Framework.
• UBS will issue the products and act as the trustee, while also providing investment management services. JBWere will have representation on an oversight committee.

One of Australia’s leading wealth advisers, JBWere, the wealth advice business within NAB Private Wealth, today announced the launch of two new active fixed income products, backed by UBS Asset Management (UBS AM). The new suite of strategies, designed exclusively for JBWere’s wholesale clients, provide access to expertly managed defensive assets at a time of increased demand for sophisticated fixed income solutions.

NAB Private Wealth Executive and JBWere CEO, Michael Saadie said these fixed income funds offer valuable and timely solutions for clients looking to add defensive components to a balanced, multi-asset portfolio.

“These new funds underscore JBWere’s commitment to offering high-quality investment solutions tailored to the specific needs of our clients, specifically those wanting high-quality defensive investment strategies,” Mr Saadie said.

“Australian investors allocated a record $6.26 billion to managed fixed income funds in the first half of the year.* Now, with the US Federal Reserve easing and inflation moderating, there is a timeliness to clients having access to expertly managed portfolios that deliver both global and domestic exposure and a strong defensive profile.”

The new product suite includes a domestic credit option, the UBS JBWere Australian Credit Fund, and a global credit option, the UBS JBWere International Credit Fund. Both will be available exclusively to wholesale clients of JBWere December 2024.

Partnering with a global expert in active fixed income

After a global search, Mr Saadie said JBWere chose to partner with UBS AM for the launch because of its proven expertise in managing active fixed income strategies.

“Our clients will benefit not only from UBS AM’s renowned investment expertise and oversight in this space but also from the competitive investment management fees we’ve been able to secure for this exclusive product offer,” Mr Saadie said.

“Investors can seek confidence in the heritage and track-record of both brands, and we particularly value UBS AM’s expertise in developing credit products in an environment that is likely to be conducive to solid alpha generation.”

Country Head  of Australia and New Zealand at UBS AM, Alison Telfer, said “We are thrilled to have developed this fixed income offering for JBWere’s wholesale clients. These strategies are a tactical investment solution for investors who seek stability and growth in today’s complex market environment, and act as a sophisticated example of how a private wealth advisor like JBWere can work with asset managers like UBS for tailored strategies”.

“The rigorous investment oversight that comes with all of UBS AM’s investment strategies, combined with this initiative’s alignment to JBWere’s Asset Allocation Framework, offers JBWere clients the confidence that they are investing in a top-tier portfolio solution specifically designed for their needs and backed by UBS AM’s local and global expertise”.

The products will be structured as an Australian Unit Trust and will be onboarded to the JBWere Multi-Asset Platform (MAP).

Notes to editor
*Source: Fixed income funds maintain blistering momentum in Australia, netting A$6.3bn in 1H 2024 – Calastone

For more information, see here.

About UBS

UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. It also provides diversified asset management solutions and focused investment banking capabilities. With the acquisition of Credit Suisse, UBS manages 5.7 trillion dollars of invested assets as per fourth quarter 2023. UBS helps clients achieve their financial goals through personalized advice, solutions and products. Headquartered in Zurich, Switzerland, the firm is operating in more than 50 markets around the globe. UBS Group shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).

UBS AM Disclaimer

For wholesale clients only. UBS Asset Management (Australia) Limited is the issuer of the funds. Refer to the current information memorandum of the funds for more information. Important information about UBS Asset Management (Australia) and other relevant terms are available at: jbwere.com.au/fixedincome.