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Share Name | Share Symbol | Market | Type |
---|---|---|---|
UBS Group AG | NYSE:UBS | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.41 | 1.53% | 27.23 | 27.24 | 26.975 | 27.13 | 2,124,016 | 01:00:00 |
By Joshua Kirby
UBS Group AG plans to invest $200 million in digital and fintech ventures via a new portfolio, the Swiss bank said Tuesday.
The UBS Next portfolio will target direct investments into early-stage fintech and other tech ventures, and will begin with a partnership with fintech-focused venture capital fund Anthemis, UBS said.
UBS Next will be funded entirely by UBS and managed by a tech-investment team, the bank said.
Write to Joshua Kirby at joshua.kirby@dowjones.com
(END) Dow Jones Newswires
October 27, 2020 12:45 ET (16:45 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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