08.12.2025
Private bank UBP rolls out VCC fund with S$200 million in commitments
The fund will invest in fixed-income strategies; a second fund to be launched next year will invest in a hedge fund of funds.
Strategic Income: The foundation of your bond allocation
Strategic Income: A multi-sector income portfolio
Are you looking for a steady income for your bond portfolio across all market cycles?
If so, you should consider engaging with UBP’s experienced team of global fixed income experts. UBP’s income strategy is designed to generate income by capitalising on investment opportunities globally while maintaining the framework of an investment-grade portfolio.
The strategy is managed by an experienced team of fixed income experts whose track record dates back to 2007. They analyse opportunities in global corporate, securitised, and sovereign bond markets while actively adapting the investment portfolio to shifting market conditions and evolving macroeconomic risks.
The team emphasises fundamental analyses of issuers and income-generating assets, as well as minimising the portfolio’s default risk. As a result, the strategy is designed to deliver steady income with an investment-grade credit profile.
Why choose the Strategic Income approach?
Sustained income
The strategy aims to provide you with steady yields so you can plan ahead.
Investment-grade portfolio profile
A focus on quality issuers.
Multi-sector strategy
The investment team draws on the best opportunities across global markets.
Want to know more about what UBP’s Global Absolute Return Fixed Income team can do for you?
Contact them here and they will be happy to explore ways to help you achieve your goals by optimising your bond portfolio with the Strategic Income approach and more.
Frequently asked questions about UBP’s Strategic Income strategy
Fundamental analysis is central to portfolio construction and is carried out by the team’s experts. They focus on evaluating issuers by assessing credit quality, financials, business models, and industry trends to build a strong, diversified portfolio.
We conduct ongoing analyses of bond valuations. These analyses are integrated into an assessment of an investment’s fundamental credit quality, enabling us to target opportunities that deliver sustained income while minimising default risk.
Macroeconomic trends play a significant role in shaping the performance of fixed income portfolios. For us, managing the portfolio’s exposure to these risks is of utmost importance. The team’s macroeconomic oversight serves to evaluate major portfolio risks.
“The concept of the strategy stems directly from discussions with investors. It is designed for and by UBP’s investors and is specifically tailored to meet their needs.”
Meet the team
The Global & Absolute Return Fixed Income team combines extensive experience with in-depth expertise across global fixed income markets. Led by Philippe Gräub, the team includes seasoned experts who are dedicated to delivering superior risk-adjusted returns to investment portfolios.
Key facts and figures
- A consistent investment process since 2007 under the same lead portfolio manager who has some 25 years of experience in the field.
- USD 23 billion in assets under management (as at 30 November 2025).
- 18 highly experienced investment professionals operating out of Geneva, London, and Paris.
- The team has developed expertise in global bond markets, which plays a key role in constructing the Strategic Income portfolio.
Associated Risks: Investments in fixed income securities are subject to risks, including credit risk, interest rate risk, and market risk. Investors should be aware that the value of their investment may fluctuate, and they may not recover the full amount of their invested capital.
05.12.2025
The Fed & Fixed Income in a K-shaped economy
US labour market data indicates that the Federal Reserve is likely to maintain its monetary easing policy, a move that could have implications for bond markets.
01.12.2025
Core allocation to investment grade credit: Bridging the performance gap
The euro investment-grade (IG) credit market has historically delivered an average annual return of +2.8% since 2005. However, the past five years have proven particularly challenging, with returns stagnating at around 0.0%. This period was marked by a sharp 15% drawdown in 2022, driven by the energy crisis and surging inflation.