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UBS: UBS dials back China fund plans on costs, grim outlook

The Swiss bank will instead rely on existing joint ventures to expand in China s mutual fund industry following the acquisition of Credit Suisse last year, the people said, requesting not to be identified because the matter is private. ....

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UBS Dials Back China Fund Plans on High Costs, Grim Outlook

(Bloomberg) UBS Group AG is postponing plans to build its own mutual fund business in mainland China due to high costs and a dim profit outlook, people familiar with the matter said.Most Read from BloombergRay Dalio’s Famous Trade Is Sputtering, Investors BailingTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayStocks Climb as US Earnings Kick Into High Gear: Markets WrapRussians Transform Dubai as They Flee Putin’s War: Photo EssaySea Billionaire’s Wife to Buy Singapore Mansion f ....

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