​UBS Sees Actively Managed Certificates Grow In Asia

UBS is seeing increased interest in Actively Managed Certificates (AMCs) in Asia where asset managers outsource the execution and administration of investment portfolios to investment banks like UBS which in turn issues a delta one note that provides investors exposure to the performance of the portfolios, net of fees. These delta one notes are then sold on a private placement basis to accredited investors via the intermediary distribution channel.