UBS Asset Management is a large-scale asset manager, with a presence in 23 countries. We offer investment capabilities and investment styles across all major traditional and alternative asset classes as well as platform solutions and advisory support, to institutions, wholesale intermediaries and wealth management clients.
We take a connected approach to find the answers to our clients' investment challenges. Our global capabilities include equity, fixed income, currency, hedge funds, real estate, infrastructure and private equity investment capabilities that can also be combined into customized solutions and multi asset strategies. Complementing our investment offering, we provide professional white labelling services including fund set-up, accounting, asset valuation, NAV calculation and reporting elements for traditional and alternative funds.
Invested assets totaled USD 781 (EUR 682 billion, GBP 612 billion, CHF 768 billion) as of 31 December 2018. We are a leading fund house in Europe, the largest mutual fund manager in Switzerland , Europe's third largest money manager and the top foreign firm in China . We also have a fast-growing and sizeable passive offering, being among the top 10 firms globally and second largest Europe-based passive player as well as fourth largest ETF provider in Europe , innovating in areas such as smart beta and alternative indices.
We are a truly global firm with principal offices in Chicago, Frankfurt, Hartford, Hong Kong, London, New York, Singapore, Sydney, Tokyo and Zurich.