logo
Plus   Neg
Share
Email

Julius Baer Group YTD AuM Up 2% - Quick Facts

Julius Baer (JBARF.PK,JBAXY.PK) reported that, at the end of October 2018, the Group's assets under management (AuM) stood at CHF 395 billion, a year-to-date increase of 2%. Net inflows remained close to 5% (annualised) for the first ten months, just below the mid-point of the medium-term 4-6% target range. The Group noted that most of the negative market impact on AuM occurred in October, when many leading stock markets suffered significant corrections.

Julius Baer Group's detailed financial results for 2018 will be published on 4 February 2019.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Intel Corp. said it is probing into the hack of its fourth-quarter earnings report that prompted the chipmaker to release its earnings statement ahead of schedule. The company, which was scheduled to release the results after the market closed, released it before the market closing on Thursday. Google parent Alphabet decided to drop its Internet balloon project Loon that was launched with the idea of providing Internet access to rural areas and providing last mile connectivity. In a blog post, Loon CEO Alastair Westgarth said they have not found a way to get the costs low enough to build a long-term, sustainable business, despite gaining a number of interested partners along the way. American Airlines announced the launch of Flagship Cellars, its home delivery service for premium wines usually available onboard. The airline's move is said to be due to the excess wine it has amid the weakness in air travel demand following the coronavirus pandemic crisis. The company expects the new at-home wine program to generate about $40,000 to $50,000 in sales during the first quarter.
RELATED NEWS
Follow RTT