UBP Asset Management (France)

We are authorised to offer the following services and carry out the following activities:

• Managing UCITS funds
• Managing alternative investment funds (AIF)
• Managing assets through mandates
• Providing investment advice
• Marketing collective investment instruments managed or promoted by the Group
• Providing real estate investment advice

Our role within the UBP Group

• We have been the UBP Group’s asset-management company in France since 1998.
• We are the Group’s centre of expertise for convertible bond management and real estate investment advisory services*.

*and as such we hold professional civil liability insurance in accordance with applicable regulations

• We handle the marketing of the UBP Group’s products and expertise in France*, in particular the Luxembourg SICAV called “UBAM”.
• We bring together a management structure and skill set that respond to the unique requirements of French institutional investors thanks to our team of around twenty people who are dedicated to institutional asset management.
• We are well established in France with around 100 institutional clients worth a total of some EUR 2.2 billion, and with some EUR 2.6 billion** in assets under management.
• In 2021 we joined the Forum pour l’investissement responsable (FIR), a founding member of the Eurosif network.

* This business may generate retrocessions on part of the fees charged by the UCITS.
** As at 31 December 2025.

Responsible Investment at the UBP Group

The UBP Group signed up to the United Nations Principles for Responsible Investment (UNPRI) in March 2012. Its first Responsible Investment Policy (RI Policy) was published in 2014 and considerably broadened in 2018. Since then UBP has been gradually developing the policy to encourage and strengthen the incorporation of environmental, social and governance (ESG) criteria into its investing.

In particular, at UBP Asset Management (France) we manage convertible bond strategies according to proprietary responsible investment principles. Investors are also provided with ESG reporting as per regulations and specifically in application of Article 29 of the French energy & climate law.

Scope of application

As per the UBP Group’s internal directives, its RI Policy (including exclusion lists and controversy monitoring) applies to all the convertible bond strategies of the UBAM SICAV. In addition to the Group’s RI Policy, funds can opt to apply specific, stricter, exclusion and inclusion criteria.

Other collective investment schemes our French entity manages are (i) reserved funds, for which the RI Policy must be approved by the investors, or (ii) funds whose management we have delegated, in which case the investment policy that applies is that of the third-party manager.

Voting policy

As per applicable regulations and UBP’s internal directives, we have implemented a voting policy suited to our activities. This policy stipulates the circumstances in which we intend to exercise the voting rights that come with ownership of shares in the UCITS we manage.

• Voting policy
• Implementation of the Shareholder Rights Directive 2

The report on the exercise of voting rights for funds managed by us is also available upon request.

The EU’s Sustainable Finance Disclosure Regulation (2019/2088)

With ambitions climate-protection and energy-transition targets, the European Union has issued the Regulation on Sustainability‐Related Disclosures in the Financial Services Sector (known as SFDR).

Sustainability risk

Sustainability risk is defined in the SFDR as “an environmental, social or governance event or condition that, if it occurs, could cause an actual or a potential material negative impact on the value of the investment.” When providing our services and products, we assess all the relevant financial risks, including sustainability risks. Click here for more details on UBP’s sustainability risk management framework.

Impact of sustainable finance regulations on remuneration

Our remuneration structure discourages excessive risk-taking with respect to sustainability by being linked to risk-adjusted performance.

In this respect, the Bank’s objective is to provide more transparency, in both qualitative and quantitative terms, on these factors and to promote sound and effective sustainability practices and sustainability risk management. To ensure that employees take into account sustainability risks and opportunities, the Group has incorporated into its remuneration policy certain sustainability objectives which aim to promote responsible investment and corporate social responsibility (CSR).

The Remuneration Policy is available in the regulatory information below.

Principal adverse impacts

UBP recognises the financial sector’s responsibility in limiting the adverse impacts that certain investment decisions can have in terms of sustainability, notably regarding the environment and social issues, as well as those which relate to employees, human rights and the fight against corruption and fraud.

With this in mind, UBP Group’s asset management entities based in the European Union (hereinafter, ‘UBP AM’) strive to take into account and to manage the adverse impacts of their investment decisions in terms of sustainability, in line with Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (hereinafter the ‘SFDR Regulation’).

In order to assess and manage these adverse impacts, UBP AM relies in the first instance on its Responsible Investment Policy, which sets out the key principles that apply to all its funds and mandates (subject to the agreement of investors). These principles consist, among other things, of the exclusion of controversial activities and practices, the integration of ESG criteria into investment processes, and being an active shareholder through voting and company engagement.

Alongside this Responsible Investment Policy, UBP AM actively takes into consideration all of the Principal Adverse Impacts (‘PAI’) that appear in Table 1 of Annex I of the SFDR Regulation that are deemed ‘obligatory’, as well as three PAI indicators that are deemed ‘voluntary’ (one coming from Table 2 and two coming from Table 3 of Annex 1 of the SFDR Regulation).

Please click here to read the policies that aim to identify and prioritise the PAI from a sustainability perspective.

Further details can be found in the Responsible Investment Policy.

*The present statement is the consolidated principal adverse sustainability impacts statement of UBP Asset Management (Europe) S.A. and UBP Asset Management (France).
** Applies only to UBP Asset Management (France).

Regulatory information

Intermediation Cost Report 2025 (not applicable as intermediation costs were below EUR 500 000 in 2025)