Julius Baer’s net inflows have helped offset a drop in assets under management (AUM) in the first 10 months of its 2022 financial year.
The Swiss bank recorded CHF 4.1 billion of net new money since the end of June 2022, representing a 3.0 percent annualised rate.
Julius Baer said this “more than compensated” for the CHF 1.1 billion of net outflows recorded in H1 2022.
As a result, net new money inflow year-to-date stands at CHF 3 billion.
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