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UBS outranks Amundi as top European manager of retail investor assets

Swiss Bank UBS is now the leading European manager of retail investor assets due to considerable market swings in the first half of 2020, reports the Financial Times.

Photo: Arnd Wiegmann/Reuters/Ritzau Scanpix

Two leading European fund managers of retail investor assets have changed places in the first half of 2020. The investment management arm of Swiss bank UBS has taken first place and French asset manager Amundi is now second.

UBS increased its assets in retail and exchange traded funds to EUR 308 billion in the first half of 2020, making it the biggest Europe-headquartered manager of such funds, reports the Financial Times based on data provided by Morningstar.

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