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UBS profit tops forecast, but wealth management sees outflow

Exodus from emerging markets and Europe offset inflows from Asia and Switzerland

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UBS reported a surprise outflow of funds from its flagship wealth management business on Tuesday, threatening to overshadow its best annual results since 2010 and a higher than expected dividend payout.

Zurich

UBS reported a surprise outflow of funds from its flagship wealth management business on Tuesday, threatening to overshadow its best annual results since 2010 and a higher than expected dividend payout.

The Swiss bank's shares were indicated down 2 per cent in pre-market...

sentifi.com

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