Welcome to our dedicated page for UBS Group news (Ticker: UBS), a resource for investors and traders seeking the latest updates and insights on UBS Group stock.
UBS Group AG (symbol: UBS) is a multinational investment bank and financial services company based in Switzerland, with co-headquarters in Zürich and Basel. As the largest Swiss banking institution and the world's largest private bank, UBS maintains a robust presence in major financial centers globally.
The company excels in global wealth management, focusing on high and ultra-high-net-worth individuals. Its Swiss operations include traditional retail and commercial banking. UBS also leverages its investment bank and asset management arms to support its wealth management services, providing comprehensive solutions to third-party clients.
UBS's recent achievements include substantial investments in innovative technology ventures. Notably, UBS Next, the group's venture and innovation unit, recently invested in Synthesized Ltd, a data generation and provisioning platform. This partnership aims to enhance data management and security using advanced machine learning and automation technologies.
UBS's diversified offerings and strategic partnerships ensure cutting-edge services, catering to a broad clientele ranging from private individuals to large corporate entities. As of the fourth quarter of 2023, UBS manages an impressive USD 5.7 trillion in invested assets, further solidifying its status as a global financial powerhouse.
UBS shares are publicly traded on the SIX Swiss Exchange and the New York Stock Exchange (NYSE), reflecting the company's significant role in the international financial market.
UBS Wealth Management USA announced the addition of a four-person advisor team in Santa Barbara, California. Led by Mark Brenner, CIMC®, the team includes Kip Paulson, CFA®, Shawn Hill, CFP®, and Nathan Cha. They will serve high-net-worth clients focusing on holistic wealth management. This expansion aims to strengthen UBS's presence in the Santa Barbara market. Brenner brings over 30 years of experience, while Paulson has 18 years, including roles in equity research. Hill and Cha also offer extensive client service expertise.
UBS Investment Bank announced coupon payments for the ETRACS Alerian MLP Index ETN Series B (NYSE Arca: AMUB). Key dates include:
- Coupon Valuation Date: 08/16/2021
- Ex-Date: 08/26/2021
- Record Date: 08/27/2021
- Payment Date: 09/07/2021
The coupon amount is $0.1990 per ETN, with an annualized yield of 7.01%.
UBS Investment Bank has announced coupon payments for five ETRACS Exchange Traded Notes (ETNs) traded on NYSE Arca. The ETNs include:
- HDLB: $0.1724 coupon, 10.29% annual yield
- SMHB: $0.0929 coupon, 13.23% annual yield
- PFFL: $0.1543 coupon, 9.49% annual yield
- CEFD: $0.2585 coupon, 10.25% annual yield
- MVRL: $0.3064 coupon, 13.03% annual yield
These coupons are variable and linked to cash distributions, with payments scheduled monthly.
UBS AG has successfully completed the succession process for two exchange-traded notes (ETNs), transitioning from the original underlying index to the MVIS US Business Development Companies Index. Effective July 30, 2021, the ETNs have been renamed to reflect the change. The adjusted Initial Index Level for BDCZ ETN is 692.808593, while the Last Reset Index Closing Level for BDCX ETN is 536.663. UBS confirmed that the modification will not incur US federal income tax consequences for ETN holders. The ETRACS ETNs are traded on NYSE Arca and carry inherent risks.
UBS, Envestnet, and iCapital Network announced a strategic relationship to provide access to curated alternative investment products via Envestnet's platform. This initiative includes the launch of the Alternatives Exchange, leveraging iCapital's technology for streamlined access. Envestnet's portfolio consulting group will oversee the initiative, aiming to enhance financial services for high-net-worth clients. UBS is creating a dedicated group to support these efforts, emphasizing the growing importance of alternative investments in diversified portfolios.
UBS Investment Bank has announced coupon payments for 12 ETRACS Exchange Traded Notes (ETNs) trading on NYSE Arca. The coupon payments, scheduled from July 22, 2021, feature various amounts and payment schedules, including quarterly and monthly distributions. Notable ETNs include PYPE, MLPB, and BDCX, each with significant annualized yields. Current yields range from 5.56% to 12.38%. Investors should note that current yields are not indicative of future payments, and there are variations based on underlying index distributions.
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