UBS Launches U.S. Corporate Fund For European Investors

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  • 19 Aug 2003
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UBS Global Asset Management has unveiled a new U.S. corporate bond fund for European investors in Switzerland and Luxembourg. The fund will use the Lehman Brothers U.S. Corporate investment-grade index as its benchmark and invest in bonds rated triple-A down to triple-B minus, according to a firm spokeswoman. The size of the fund could not be determined.

Craig Ellinger, a Chicago-based portfolio manager will be responsible for the fund. He is part of the firm's global fixed-income group. The launch of the new U.S. fund comes on the heels of UBS' other new addition of a European corporate bond fund. That fund is now up to £240 million.

  • 19 Aug 2003

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Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

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1 Citi 1,505.59 4 23.31%
2 SG Corporate & Investment Banking 1,292.64 1 20.01%
2 Rabobank 1,292.64 1 20.01%
4 BNP Paribas 598.25 2 9.26%
5 TD Securities Inc 241.54 1 3.74%