 | UBS Asset Management achieved net new money of CHF 34.9 billion in 2001, reflecting our clients’ recognition of strong relative investment performance in the last two years. Invested assets increased 5% during the year to CHF 672 billion, from CHF 642 billion at 31 December 2000. Operating income increased 8% from 2000, to CHF 2,110 million, driven by the introduction of a new pricing structure for investment funds at the beginning of 2001.
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