JB launches over-the-counter funds trading: JB announced that it is now offering over the-counter trading in unlisted investment funds and, with an initial universe of 300 products, will immediately become the Swiss market leader in this field
In addition to the possibility of subscribing to and redeeming fund units in the primary market, Julius Baer is thus providing a second order route for unlisted investment funds. Julius Baer’s funds trading service offers market oriented and transparent pricing throughout each day of trading, thus ensuring that investment funds can be traded at the current rates at all times.
Peter Gerlach, Head Markets and Custody at Bank Julius Baer, commented:
“I am delighted that we are able to offer this new service, which will not only benefit our own clients but also those of other banks.”
Over-the-counter funds trading gives investors a similar degree of flexibility to equity trading. The instruments that are traded comprise traditional investment funds that are authorized for public distribution in Switzerland. (c) JB
Useful link: Julius Baer & Co
JB has successfully completed the acquisition of ING Bank (Switzerland) Ltd. that was announced in October 2009. The integration of the new business units is progressing as planned
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