UBS Global Asset Management has posted $3.35bn in the first half of 2014, bringing total assets in Europe at a record $20bn, +20% compared with the end of 2013.
The data, coming from ETFGI, also revealed that total net inflows in 2013 were of $2.3bn. Following the result, UBS ranked fourth in Europe in the ETF space, the company also highlighted.
UBS ETF said it saw the majority of flows concentrate on ETF with exposure on equities in developed countries such as Europe, US as well as EMs.
Looking at the Italian market, the first half of 2014 saw inflows increase and hit a total of some $400m, bringing total AUM since the beginning of the year at about $1bn (+63% compared with the end of 2013).
“Investors enjoy the benefits of our ETF range’s competitive prices as well as the exposure they offer,” commented Italy’s country head Simone Rosti (pictured).