UBS to launch US Growth fund

The fund will target stocks with a minimum market capitalisation of $2.5bn and will typically hold between 35 and 55 names. It will be run by the New-York based Growth Investors team. This is a 28-strong group of investment professionals who aim to invest in quality, growing companies, where the market price underestimates the magnitude or duration of future growth. The team, which joined UBS in 1991, currently manage over $13bn of assets. Commenting on the launch, Graham Kane, head of UK retail at UBS, says: “Whilst acknowledging market volatility, we believe the US market currently of...