Aug 16, 2013 04:17 PM

UBS to Manage First Public Rental Housing Fund

By staff reporter Zhang Bing

(Beijing) – The first securities fund to invest in government-subsidized public rental housing has been established in Shanghai, UBS Global Asset Management (China) said on August 15 as the fund's manager.

The private equity closed-end fund will invest in Shanghai's government-subsidized housing market. Investors can buy into the fund and receive dividends regularly.

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