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Broker snap: UBS note hits asset managers
Tue, 06 Jan, 2009
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Broker snap: UBS note hits asset managers
Thu, 20 Nov 2008, 11:02:00
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Related Market Prices
Name
Value
Percent
Change
BlueBay Asset Management
70.00p
+0.00%
Ashmore Group
148.00p
+4.23%
Man Group
246.75p
+3.24%
Schroders
871.50p
-0.40%
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Shares in asset management companies fell after UBS started coverage on the sector saying it prefers more alternative investors to the more traditional groups.<br /><br />It has a 'sell' recommendation on BlueBay Asset Management and 'neutral' ratings on Schroders and Ashmore Group.<br /><br />Even <b>Man Group</b>, on which UBS starts coverage with a 'buy' stance, could not avoid slipping into the red.<br />
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