UBS Results Presentation Deck
Asset Management
Profit before tax
m
Operating
income
m
Cost/income ratio
Invested assets
end of period, bn
Performance fees
Net management
fees
401
Fondcenter¹ sale gains
774
255
227
48%
1,092
637
92
Fondcenter¹ sale gains
545
64%
1,121
(17%)
255
218
(7%)
666
"40"
ارای
588
62%
+11%
1,174
214
593
33
560
64%
334
1,154
721
94
Credit loss (expenses)/releases
627
54%
1,211
PBT 334m, (17%); FY21 PBT 1,030m; PBT +12%
excl. Fondcenter¹ sale gains in 3Q20 and 2Q21
Operating income (7%)
Net management fees +21% on higher average
invested assets supported by continued strong
net new run rate fee generation; includes 35m
from fee accrual methodology change²
Performance fees (63%) to more normalized
levels
-
Operating expenses +4%; driven by higher
personnel expenses
Invested assets 1,211bn, +5% QOQ, driven by
positive market performance, NNM and FX
NNM +16bn excl. money markets; FY21 +48bn,
5% growth rate
4Q20
1Q21
2Q21
3Q21
4Q21
UBS 1 Subsequently renamed Clearstream Fund Centre; 2 One-time effect from a change in the fee accrual methodology for Swiss investment fund fees
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