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UBS Brokers in Puerto Rico Create Headache for the Bank

UBS Brokers in Puerto Rico Create Headache for the Bank

For many years, the bank’s funds had strong comes back and compensated dividends that are healthy. The Tax complimentary Puerto Rico Fund II, with $357 million in assets, includes a return that is five-year of per cent, based on UBS papers.

But as Puerto Rico’s woes that are economic deepened, UBS clients have observed the worthiness of these holdings fall. The fund’s stocks don’t trade for a trade, but UBS papers reveal it had a value that is per-share of6.16 at the beginning of September, down from $7.75 a share by the end of June.