UBS Group AG’s wealthy Asian clients are pouring billions of dollars into sustainable assets as the region’s swelling ranks of millionaires jump on a global push into socially responsible investing.
Assets under management in fully sustainable discretionary portfolios for Asia-Pacific private banking jumped to $4.5 billion as of the end June, up from $1 billion at the start of last year, according to the Swiss bank. Under a discretionary portfolio, rich clients hand over lump sums and let the bank manage the money for a fee.
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August 22, 2021 at 11:01PM
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UBS's Rich Asia Clients Poured Billions Into Sustainable Assets - Bloomberg
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