UBS launches Europe fund on the stock exchange

UBS Fund Management announces the public opening of the real estate fund UBS (CH) Property Fund - Europe, unit class (CHF hedged) I. Listing on the SIX Swiss Exchange is planned for November 10, 2022.

UBS PF Europe is characterized by "a robust and broadly diversified portfolio, both geographically and in terms of types of use, with a solid track record," UBS says. With the planned listing, the fund will give investors direct access to the European real estate market within the framework of Swiss regulation.

The European real estate market is ideal for diversification due to its low correlation with Switzerland, especially in more volatile times, UBS Fund Management wrote in a statement. It has been shown that real estate cycles in the various markets in Europe are often independent of each other. European core real estate would have stable earnings, potential rental growth, extensive inflation protection and a low correlation to other asset classes.

The fund invests throughout Europe in all types of use

UBS PF Europe was launched in May 2018; it invests in all major types of use, such as residential, logistics, office and retail properties in established or developable locations throughout the European Union, EFTA member states and individual member states of the United Kingdom.

It currently holds twelve properties in Germany, the Netherlands, Belgium, Norway, Spain and Italy, almost all of which are leased to tenants with strong credit ratings, some of which are state-owned. The leases are indexed to a very high degree and thus largely protected against inflation, UBS emphasizes. (ah)