UBS Group subsidiary emerges as substantial shareholder at iFAST

This brings UBS’s total stake in iFAST to 13.89 million shares, or 5.1%, from 4.94% previously.

See also: SGX cuts loose Scientific Beta for 23 mil euros

Any shareholder who has crossed the 5% stake threshold has to disclose its interest on SGX.

In the same filing, UBS Group says it is deemed interested in the shares as the parent entity of UBS AG.

Shares in iFAST closed 10 cents higher or 2.2% up at $4.67 on Jan 18.