Jumping on the bandwagon

Asset management

Although many asset managers have succeeded in increasing their assets under management at a time when investors remain cautious, profitability among them has been highest for structured products specialists, says a report released by Morgan Stanley last month.

These include European banks Dexia, BBVA and Santander, along with UBS Asset Management, California-based index-tracking expert Barclays Global Investors (BGI) and several private and retail banking operations, especially those of UBS

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