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Earlier this year UBS consolidated several single-security equity model portfolios under the Chief Investment Office. (ddp)
House view equity model portfolios
Equity model portfolios – what's
changing
28 June 2019, 4:23 pm EDT, written by Jeremy Zirin, David Lefkowitz
Earlier this year UBS consolidated several single-security equity model portfolios under the Chief Investment
Office (CIO), in collaboration with the Equity Advisory Group (EAG).
Following the publication of the Large Cap Core model on
3 June 2019, the UBS House View model portfolio "shelf"
now includes the following five strategies:
1. Dividend Ruler
2. Quality Growth at a Reasonable Price (Q-GARP)
3. Opportunistic Equity Income (OEI)
4. Mid-Cap
5. Large Cap Core
These research-based model portfolios are exclusively for
UBS Global Wealth Management clients.
UBS Financial Advisors (FAs) can implement these model
portfolios either by following CIO research and placing
the trades themselves on a UBS trading platform, or by
essentially outsourcing the portfolio management of these
strategies to the UBS "home office" via the UBS Managed
Portfolio program.
UBS Investment Insights
Earlier this month, UBS announced a change to the home
office implementation of select CIO model portfolios,
specifically for the Dividend Ruler, Q-GARP, and Mid-Cap
models. Home office implementation of these strategies
will migrate to a new account program (called ACCESS)
on 29 July 2019 and responsibility for the management
and execution of home office discretionary accounts will
transition from Investment Management (IM) to UBS Asset
Management.
So what is changing and what isn't?
To be clear, let's start with what isn’t changing. The same
equity and portfolio strategy team in CIO (Jeremy Zirin,
David Lefkowitz, Jeff Hans, Chris Shea, Edmund Tran),
working closely with CIO equity sector strategists and in
collaboration with our colleagues in EAG, will continue to
publish the research and intellectual capital underpinning
the Dividend Ruler, Q-GARP, and Mid Cap model portfolios.
UBS FAs and clients can continue to expect the same
regularly published CIO research publications supporting
these model portfolios going forward.
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So what is changing?
For FAs who have chosen to enroll clients in the centrally-
managed UBS Managed portfolios, those accounts will be
managed by UBS Asset Management as an SMA (separately
managed account) after 29 July 2019. One of the available
options is the tax loss harvesting capability of UBS Asset
Management as an overlay strategy to these SMAs, seeking
to maximize after-tax returns.

For more, see House View equity model portfolios – what's

changing and what isn't, 27 June 2019.

Content is a product of the Chief Investment Office

(CIO).

UBS Investment Insights

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