UBS Global Asset Management reported 771 billion Swiss francs ($632 billion) in assets under management as of June 30, down 4% from March 31 but up 12% from the year before, said spokeswoman Larissa Alghisi. Excluding outflows related to money market funds, the firm reported net new inflows of 200 million Swiss francs, with inflows into asset allocation funds offsetting outflows in equity and fixed-income funds.
The firm reported pretax profits of 334 million Swiss francs for the latest quarter, down 11% from the previous quarter but up 52% from the year before. Performance-based fees fell from the first quarter, especially in alternative and quantitative investments, according to a news release.
