Unwinding of the carry trade is imminent, says UBS Global Asset Management
Maclean-Howard based in Toronto
US$115 deal will settle litigation related to equity derivative contract payments
Gains from the Julius Baer stake will be used to buy back shares in the coming months as part of UBS’s share repurchase program
Daehan Investment Trust is country’s largest asset management company
The move comes amid a trading loss of 150 million Swiss francs attributed to U.S. mortgage securities industry
However, UBS says that its Q1 performance also shows the strength of the wealth management business
Index made up of weather futures contracts of 15 U.S. cities traded on the CME
The new program is three years long rather than one year
Sector’s 12-month risk/reward profile is attractive, says UBS Securities