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#SaxoStrats
Today's edition of the Saxo Morning Call features the SaxoStrats team discussing the continuing weakness of the US dollar as commodity prices recover ground and in the wake of key US equity indices hitting all-time highs Thursday.
Editor’s Picks 19 June 2015 at 2:21 GMT

Mitsubishi UFJ Trust to buy UBS fund administration business

Nikkei Asian Review
Mitsubishi UFJ Trust and Banking is in the final stages of talks to acquire the fund administration business of European financial giant UBS in a roughly JPY 30 billion deal. The Nikkei Asian Review writes the deal would push up Mitsubishi UFJ Trust's fund administration business from 15th place to seventh, with $260 billion in assets. When equity-method affiliate Morgan Stanley is included, the Japanese trust bank would replace Citigroup as No. 5.
Read full article at Nikkei Asian Review
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