Julius Baer's Assets Under Management Decline
Julius Baer Gruppe BAER -5.62%decrease; red down pointing triangle posted lower assets under management for the first four months of the year, but said that client activity was elevated.
The Swiss private-banking group's assets under management stood at 467 billion Swiss francs ($563.87 billion) at the end of the period, reflecting a stronger Swiss franc and the deconsolidation of Julius Baer Brazil. The figure came below the prior year's 471 billion francs.
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