China Silver Fund Revaluation Sparks 31% Drop, Investor Pushback
UBS SDIC Fund Management Co. changed the valuation model for a $2.2 billion silver fund to more closely track global futures prices, triggering a record drop in its net asset...
By Charlie Zhu, Amanda Wang, Dingmin Zhang · Bloomberg Markets
UBS SDIC Fund Management Co. changed the valuation model for a $2.2 billion silver fund to more closely track global futures prices, triggering a record drop in its net asset value and outcry among investors already bruised by a precious metals slump.