UBS joins forces with Invesco
The big bank UBS is presenting a new real estate offer to its wealthy clients through its recently announced partnership with the fund provider Invesco Real Estate. Your clientele can now invest in Invesco's global real estate stocks.
UBS and the American Invesco Real Estate have agreed on a cooperation. Together, they offer UBS clients access to Invesco's global real estate mandates. This will make it more efficient for UBS Global Wealth Management's private customers to include this asset class in their portfolios, according to a media release from the major Zurich bank.
The new offer will primarily invest in Invesco's direct real estate strategies, but also in listed real estate stocks, co-investments and direct real estate. With assets under management of 63.3 billion dollars in direct real estate investments and 19.9 billion dollars in listed real estate values, as well as more than 580 real estate professionals worldwide, Invesco is "the only manager with comparable strategies in the USA, Europe and Asia", so UBS.
"This offer was specially structured for UBS and its clients in order to offer them stable and attractive regular income over the long term," said Marty Flanagan, President and CEO of Invesco, quoted in the press release. According to Bruno Marxer, Head of Global Investment Management at UBS, this partnership underscores the bank's commitment to providing its clients with exclusive access to solutions from leading partners.