Urgent.News

What's breaking now, across thousands of outlets.

More in Finance & Markets

UBS opens institutional fund strategies to Asia’s wealthy – with US$5 million buy-in

The Swiss bank is wooing family offices and the ultra-rich with exclusive strategies and deeper portfolio analytics

  • UBS launches Exclusive Manager Access Fund Program for Asia's wealthy with US$5M minimum investment.
  • Program debuts in Singapore and Hong Kong, expanding to Taiwan and other Asian markets.
  • Managers gain flexibility to express high-conviction views while adhering to risk controls.

Bank of Korea Stops Publishing FX Reserve Ranking

The Bank of Korea has stopped disclosing South Korea’s global ranking in foreign exchange reserves, which it had published since 2001, without any meaningful prior explanation.

  • Bank of Korea discontinues publishing South Korea's global FX reserve ranking.
  • Move criticized for contradicting central bank's communication principles.
  • Ranking removed amidst volatile exchange rate and gold price fluctuations.

More from Thursday 3 September →