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UBS Files to Launch Select Institutional, Preferred and Investor Funds. According to Simfund Filing, UBS Global Asset Management has filed with the SEC to launch seven new money market mutual funds. UBS Select Tax-Free Institutional, UBS Select Prime Preferred, UBS Select Treasury Preferred, and UBS Tax-Free Preferred will be aimed at the institutional market with expense ratios of 0.18% (Inst) and 0.l4% (Preferred). UBS Select Treasury Investor and UBS Select Tax-Free Investor will sport 0.43% ratios (including a 0.25% 12b-1 fee) for retail distribution. The new funds fill several major holes in UBS's institutional fund lineup. Currently, the company offers only the 0.18% expense UBS Select Treasury and UBS Select MMF, along with the former PaineWebber retail money funds, UBS CashFund and UBS RMA MMF.
