The investment bank has reduced the management and indirect costs across its entire UBS Tactical Beta Funds range.
Effective immediately, investors in the UBS Balanced Investment Fund and UBS Defensive Investment Fund will also benefit from indirect costs that have been reduced to 0 per cent (previously 0.10 per cent per annum). Indirect costs on the Tactical Beta Funds has also been reduced to 0 per cent from 15 basis points.
Management fees have been reduced from 35 basis points to 29 basis points across all UBS Tactical Beta Funds.
"UBS Asset Management is pleased to announce a major reduction in fees across the UBS Tactical Beta Funds range,” said Bryce Doherty, head of UBS Asset Management for Australia and New Zealand.
“We are always looking for ways to improve the investment experience for our clients and this is clearly a great outcome for those looking at a cost-effective way to invest in a professionally managed diversified portfolio.