Julius Baer confirms targets as AuM grow 8% through April By Reuters

© Reuters. FILE PHOTO: The logo of Swiss private bank Julius Baer is seen at their headquarters in Zurich, Switzerland February 1, 2021. REUTERS/Arnd Wiegmann

(Changes day to Wednesday in second paragraph)

ZURICH (Reuters) – Julius Baer said it was on track to deliver on financial targets as the Swiss wealth manager posted an 8% rise in assets under management for the first four months of 2021 to 470 billion Swiss francs ($523.9 billion).

“The increase was driven by continued net new money inflows (4% annualised), positive stock market performance, and the softening of the Swiss franc ‒ particularly against the US dollar, euro, and British pound,” Switzerland’s third-largest listed lender said in a statement on Wednesday.

($1 = 0.8971 Swiss francs)

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