(CTN News) – UBS Asset Management (UBS AM) plans to shut down the Irish fund platform that Credit Suisse administers after transferring seven exchange-traded funds (ETFs) to its own investment company.

UBS AM completed those transfers before making this decision.

This conclusion was reached after the transfer of seven exchange-traded funds (ETFs) had been completed. The decision to make this decision was made by UBS AM after the completion of the transfer that was initially disclosed.

Seven exchange-traded funds (ETFs) have already been removed from the UBS AM portfolio system as a direct consequence of this decision.

According to a notification that was sent to shareholders, the Swiss asset manager made the announcement that it will be transferring seven exchange-traded funds (ETFs) with total assets under management (AUM) of $7.9 billion to newly established UBS AM ETFs that cover real estate, US stocks, and world equity exposures.

There will be a transaction in the near future. There will be a transaction in the not too distant future.

The deal is going to take place in the not too distant future, so stay tuned for that. Exchange-traded funds, often known as ETFs, will cover global stock exposures in addition to covering international equity exposures.

Coverage will also be provided for exposures to foreign equity. Following the completion of its acquisition of Credit Suisse the previous year, UBS AM made the announcement that it was in the process of carrying out a “broader merger project” with the intention of unifying its Irish platforms.

This was done to unify Irish platforms. For the purpose of accomplishing the objective of integrating its Irish platforms, this action was taken.

This step was done to bring together its Irish platforms, which was the purpose. “Shareholders… are advised that it is intended to wind-up the ICAV and to seek the revocation of its authorization from the central bank,” UBS AM revealed in a message to shareholders.

“The ICAV is intended to be wound up.” “The ICAV is intended to be wound up.” “The ICAV is intended to shut down.” “The ICAV is intended to be wound up.” It was communicated to them that the plan was to proceed in this manner when the merger had been done and completed.

Furthermore, UBS AM claimed to have a “larger distribution network.”

This will allow the funds to have “greater opportunities to increase assets and attract new investors.” Credit Suisse is a financial institution that is recognized for its distribution network.

The reason for this is that UBS AM comes with a distribution network that is far greater than that of Credit Suisse. When compared to other financial institutions, Credit Suisse stands out due to the fact that it has a distribution network that is “smaller than average.”

Having said that, this is subject to change depending on whether or not the shareholders decide to provide their consent to the merger. There is a possibility that the merger will take place on the 26th of August; however, the decision of shareholders needs to be taken into consideration before this event can take place.

KraneShares was able to successfully merge its S&P China 500 ETF with the “last remaining” ETF on the Luxembourg platform of ICBC Credit Suisse AM, which was the ICBCCS S&P China 500 UCITS ETF (CHIN).

This merger was a successful endeavor. The merger was a fruitful undertaking that was successful.

The consolidation was a fruitful endeavor that was successful in its execution. During the month of September in the year prior to this one, this merger took place. This time period corresponds to the most recent year.

A recent connection was made between it and an exchange-traded fund (ETF) that is part of UBS’s own portfolio.

This ETF is the UBS ETF Bloomberg MSCI Euro Area Liquid Corporates Sustaina, and it has a total value of $674 million.

This merger ultimately resulted in the establishment of the UBS ETF Bloomberg Euro Area Liquid Corporates UCITS ETF (UB99), which had a total value of $43 million at the time of its formation. This particular fund came into existence as a consequence of the overall arrangement.

SOURCE: EFT