UBS Results Presentation Deck
Global Wealth Management
Fee-generating assets¹
bn
APAC 87
96
Switzerland
1,104
EMEA
263
Americas 656
1,163
93
102
277
690
2Q20
3Q20
Net new fee-generating assets / bn
5
12
Fee-generating asset margin²/ bps
87
85
+28%
1,277
103
111
306
757
4Q20
18
82
1,328
112
112
311
793
1Q21
36
86
1,416
119
123
329
845
2Q21
25
82
25bn NNFGA¹, 2021
Americas 14bn
-
-
84bn NNFGA¹, 8% growth last 12 months
Americas 48bn, 7% growth
-
EMEA 5bn
APAC 4bn
Switzerland 3bn
-
EMEA 13bn, 5% growth
APAC 18bn, 20% growth
Switzerland 6bn, 6% growth
2Q21 FGA margin² 82bps, (4bps) YoY, primarily driven by
flows into lower-margin mandates and funds³; (4bps) QoQ
on seasonally lower transaction revenues
FGA generate most of GWM's recurring net fee income (~90% in FY20),
and a portion of transaction-based income (~30% in FY20)
UBS 12021 includes 1.0bn FGA and 0.1bn in NNFGA outflows in minor functions which are not included in the four regions; 2 Calculated as revenues from FGA (annualized) divided by average FGA for the
relevant mandate fee billing period. Refer to the 2Q21 report for more information; 3 E.g., sustainable investment mandates that exclude hedge fund allocations, zero-fee SMAS, funds with lower trailer fees
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