TORONTO, Feb. 11 /CNW/ - UBS Global Asset Management (Canada) Inc., as
manager of the UBS Global Allocation Trust ("GAT" or the "Fund") would
like to take this opportunity to inform unitholders that at a special
meeting of the unitholders of GAT held on May 15, 2008, the unitholders
voted for the expansion and optimization of the guidelines of GAT
including approving the use of related funds when the investment would
represent in excess of 10% of invested assets so long as there were no
additional fees being paid to the manager. In this regard, as the GAT
fund has further shrunk in size, in order to maintain the global
diversification of the fund and to maintain the low fees of the Fund,
the GAT will invest 100% of its assets in another fund using the same
investment model (UBS (Canada) Global Allocation Fund ("GAF") - an
81-102 open ended mutual fund managed by UBS Global Asset Management
(Canada) Inc.) The GAF Fund also has the same investment strategies of:
(i) active global asset allocation across seven asset classes of global
stocks and bonds; (ii) active security selection, based on a
price/intrinsic value methodology; and (iii) an active global currency
Both the GAF and GAT's relative performance objective is to outperform
the Global Securities Market Index (''GSMI''), hedged to Canadian
dollars, over moving 4 year periods. The GSMI is produced internally
from generally available indices and is a blended index incorporating
percentages of various indices across certain capital markets.
UBS Global Asset Management (Canada) Inc. continues to believe that the
strategy utilized by both the GAT and the GAF is an excellent way to
achieve global diversification.
UBS Global Asset Management is a large scale asset manager with well
diversified businesses across regions, capabilities and distribution
channels. It offers investment capabilities and investment styles
across all major traditional and alternative asset classes. These
include equity, fixed income, currency, hedge fund, real estate and
infrastructure investment capabilities that can also be combined in
multi-asset strategies. The fund services unit provides professional
services including legal fund set-up, accounting and reporting for
traditional investment funds and alternative funds.
Invested assets totalled some CHF 559 billion (EUR 447 billion, GBP 383
billion, USD 598 billion, CAD 596 billion) at 31 December 2010. The
firm is a leading fund house in Europe, the largest mutual fund manager
in Switzerland and one of the largest fund of hedge funds and real
estate investment managers in the world.
With around 3,500 employees, located in 24 countries, we are a truly
global firm. Our main offices are in London, Chicago, Frankfurt,
Hartford, Hong Kong, New York, Paris, Sydney, Tokyo, Toronto and
SOURCE UBS Global Asset Management (Canada) Co.
For further information:
UBS Global Asset Management (Canada) Inc. Unitholder Relations
For all media inquiries, please contact Graeme Harris at (416) 345-7050
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