UBS Global Asset Management posts €8.3bn inflows in Q2

Swiss group UBS has reported its results for Q2 2015. UBS Global Asset Management posted CHF9bn (€8.3bn) as at 30 June 2015, against CHF5.1bn (€4.7bn) on 31 March 2015.

New money growth rate, excluding money market flows, was 5.5% compared with 5.0% and was above the target range of 3% to 5%.

By client segment, excluding money market flows, net inflows from third parties were CHF5.3bn (€4.9bn) in comparison to CHF2.5bn (€2.3bn) in Q1 2015.

Net inflows from clients of UBS’s wealth management businesses were CHF3bn (€2.8bn) compared with CHF5.1bn (€4.7bn) at the end of the first quarter of 2015.

Net new money from third parties in Q2 2015 went “into fixed income, largely from clients serviced from Asia Pacific, into multi-asset, mainly from clients serviced from Switzerland and Asia Pacific, into real estate, largely from clients serviced from Switzerland, and into equities, predominantly from clients serviced from Europe.”

Net inflows from clients of UBS’s wealth management businesses were mainly “into alternative investments, largely from clients serviced from Switzerland and Asia Pacific, into multi-asset, mainly from clients serviced from Asia Pacific and Switzerland, and into equities, largely from clients serviced from Asia Pacific, partly offset by net outflows from fixed income, largely from clients serviced from Switzerland.”

Money market net inflows were CHF0.7bn (€0.6bn) compared with net outflows of CHF2.4bn (€2.2bn) in Q1 2015.

By client segment, net inflows from third parties were CHF1.7bn (€1.5bn) compared with net outflows of CHF1.2bn (€1.1bn) and originated mainly from clients serviced from Asia Pacific and Americas.

Net outflows from clients of UBS’s wealth management businesses were CHF1bn (€0.9bn) against net outflows of CHF1.2bn (€1.1bn).

Total invested assets for UBS Global Asset Management have reached CHF650bn (€598.1bn) as at 30 June 2015, dropping from CHF661bn (€608.2bn) as of 31 March 2015.

UBS explained the fall is mainly due to negative currency translation effects of CHF15bn (€13.8bn) and negative market performance of CHF5bn (€4.6bn), partly offset by net new money inflows of CHF9bn (€8.3bn).

In detail, 32% of invested assets were managed in indexed strategies and 9% were in money market strategies.

The remaining 59% of invested assets were managed in active, non-money market strategies.

“On a regional basis, 32% of invested assets related to clients serviced from Switzerland, 25% from Europe, Middle East and Africa, 22% from the Americas, and 21% from Asia Pacific,” UBS added.

 

 

 

 

 

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