UBS to split wealth management
In a sign of the increasingly difficult times, UBS announced this week that it would be splitting its global wealth management business into two divisions – one covering the US and another covering the rest of the world.
However, according to reports out of the US, the move has failed to dampen speculation that UBS ultimately intends to spin off the business.
Analysts pointed out that while the Wealth Management International and Switzerland business had posted a profit for the fourth quarter of last year, the US business had posted a pre-tax loss.
Recommended for you
The merger with L1 Capital will “inject new life” into Platinum, Morningstar believes, but is unlikely to boost Platinum’s declining funds under management.
More than half of the top 20 most popular shares bought by advised investors during the first half of 2025 were ETFs, according to AUSIEX data.
At least two-thirds of ETF flows are understood to be driven by intermediaries, according to Global X, as net flows into Australian ETFs spike 97 per cent in the first half of 2025.
Inflows for the first half of 2025 for GQG Partners stand at US$8 billion, but the firm has flagged fund underperformance could be a headwind for future flows.