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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