UBS has lifted the year-long freeze on redemptions from its German open-ended fund UBS 3 Kontinente due to its favourable liquidity position. Since the ban on investor withdrawals was lifted on 27 October, around EUR 10 mln has flowed out of the fund.
UBS has lifted the year-long freeze on redemptions from its German open-ended fund UBS 3 Kontinente due to its favourable liquidity position. Since the ban on investor withdrawals was lifted on 27 October, around EUR 10 mln has flowed out of the fund.
The fund currently has a gross liquidity position of 22%, or EUR 103 mln, of which around EUR 80 mln is available for servicing redemptions, UBS said.
