UBS Asia-Pac AUM crosses 300b Swiss francs

Singapore

STRONG inflows and portfolio performance have pushed UBS Wealth Management's Asia-Pacific-invested assets past the 300 billion-Swiss franc (S$423 billion) threshold for the first time.

On a year-on-year basis, assets under management (AUM) in the region rose about 17 per cent in the quarter ended March 31 to 311 billion francs, compared with 266 billion francs at end-March 2016. On a quarter-on- quarter basis, the growth was about 6.5 per cent, from 292 billion francs at end-December.