UBS AG, the worlds largest private bank for the rich, said net inflows from wealthy clients in emerging markets slowed in the third quarter.
Net new money growth in the three months through September for Zurich-based UBSs emerging markets division, defined as including Russia, eastern Europe, the Middle East, Africa and India, was 1.8 percent, down from 8.1 percent a year earlier, the bank reported today. Net inflows from clients in the Asia- Pacific division grew at less than half the pace of the prior- year period.
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