UBS has suffered Sfr24.5bn (â¬15bn) in net outflows from its asset management division in the second quarter of this year, despite outflows from institutional clients, which accounted for a third of the total, almost halving since the previous quarter.
Institutional assets under management fell 19% from Sfr552bn from this time last year to Sfr448bn following outflows and the downturn in the market.
