UBS Fund Halts Fund Distribution Operations

Deep News

09/07

On September 7, two fund companies announced they would terminate all fund distribution cooperation with UBS Group AG effective September 21. The move comes as UBS Group AG prepares to suspend its fund sales operations.

The decision follows the suspension notice received by the firm, which requires investors to complete share redemptions or transfer custody arrangements before September 11. A customer service representative from UBS Group AG confirmed the timeline to reporters, stating that investors must act by the specified date.

This development marks a significant shift in the fund distribution landscape, as the affected parties adjust to the operational changes announced by UBS Group AG.

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