UBS is dialling back plans in China – high costs, poor profit outlook

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Bloomberg (gated) carried the report ICYMI. In brief:

  • UBS is postponing plans to build its own mutual fund business in mainland China
  • ‘people familiar with the matter’ says its due to high costs and a dim profit outlook
  • UBS will instead rely on existing joint ventures to expand in China’s mutual fund industry

This article was written by Eamonn Sheridan at

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