Key Takeaways
- • UBS AST 3 Global Real Estate (ex CH) Fund held quarterly portfolio review and outlook in August 2022, featuring portfolio structure analysis, performance assessment, and global real estate market outlook presented by Portfolio Manager Paul Guest and Research lead Fergus Hicks.
- • Fund vintage and scale: The open-ended fund was established in 2011 and manages a diversified portfolio spanning approximately 50 target funds and roughly 8,000 core real estate properties globally (excluding Switzerland).
- • Asset base and returns: The I-A2 share class holds CHF 343 million in assets under management with a compound annual growth rate (CAGR) of 3.19%, representing core real estate strategy focused on prime-location properties with long-term tenant agreements and high occupancy rates.
- • Portfolio composition: The fund invests in core-segment real estate, targeting buildings in prime locations characterized by long-term lease contracts, high occupancy levels, and institutional-quality operational structures typical of conservative real estate allocation strategies.
- • Fund accessibility: Multiple share classes available (I-A0 and I-A2 tracked), with institutional client coverage led by Andreas Keller, indicating positioning toward professional and institutional investor base rather than retail channels.
Summary
UBS AST 3 Global Real Estate (ex CH) is an open-ended mutual fund established in 2011 that provides institutional investors with diversified exposure to global real estate markets outside Switzerland. The fund's August 2022 quarterly review and outlook presentation, hosted by UBS Asset Management, featured portfolio performance analysis and market assessment from senior investment professionals, including Portfolio Manager Paul Guest and Research analyst Fergus Hicks, with institutional client coverage coordination by Andreas Keller.
The fund maintains a substantial diversified real estate platform encompassing approximately 50 target funds and around 8,000 core real estate properties across global markets. This breadth of holdings positions the fund as a multi-strategy vehicle combining direct property exposure with fund-of-funds architecture. The I-A2 share class specifically manages CHF 343 million in assets, having generated a CAGR of 3.19%, reflecting performance typical of core real estate strategies focused on defensive, income-generating properties.
The fund's investment mandate emphasizes core-segment real estate—properties located in prime geographic markets with long-term tenant agreements, high occupancy rates, and professional operational management. This strategy targets institutional-quality assets characterized by stable cash flows and lower volatility compared to opportunistic or value-add real estate categories. The exclusion of Swiss real estate from the fund's investment universe allows for geographic diversification benefits and exposure to non-CHF denominated real estate markets.
The quarterly review structure, presented to institutional clients in August 2022, underscores UBS's commitment to providing transparent portfolio performance reporting and forward-looking market analysis for professional investors. The fund's availability across multiple share classes (I-A0 and I-A2) and its positioning within UBS's broader alternative investment platform indicate institutional targeting rather than retail distribution.
The fund maintains a substantial diversified real estate platform encompassing approximately 50 target funds and around 8,000 core real estate properties across global markets. This breadth of holdings positions the fund as a multi-strategy vehicle combining direct property exposure with fund-of-funds architecture. The I-A2 share class specifically manages CHF 343 million in assets, having generated a CAGR of 3.19%, reflecting performance typical of core real estate strategies focused on defensive, income-generating properties.
The fund's investment mandate emphasizes core-segment real estate—properties located in prime geographic markets with long-term tenant agreements, high occupancy rates, and professional operational management. This strategy targets institutional-quality assets characterized by stable cash flows and lower volatility compared to opportunistic or value-add real estate categories. The exclusion of Swiss real estate from the fund's investment universe allows for geographic diversification benefits and exposure to non-CHF denominated real estate markets.
The quarterly review structure, presented to institutional clients in August 2022, underscores UBS's commitment to providing transparent portfolio performance reporting and forward-looking market analysis for professional investors. The fund's availability across multiple share classes (I-A0 and I-A2) and its positioning within UBS's broader alternative investment platform indicate institutional targeting rather than retail distribution.
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