UBS rounded out the year by once again bagging the No.1 spot, as it emerged at the top of the manager activity rankings for both agency and non-agency MBS, according to the final results from Thomson Financial's RMBS league tables for 2003. This is the third consecutive year UBS has reigned supreme, after jumping to the top spot in 2001.
UBS was first with $104.05 billion in proceeds, which is equivalent to a 12.6% market share. However, the perpetual top placer did not duplicate its performance in 2002. This year, UBS had a larger market share - 14.2%. It also sold comparatively more in 2002 with proceeds of $106.27 billion. UBS also aced the top spot in the agency MBS only league tables, where it held a 13.5% market share with $74.76 billion in proceeds.