Julius Baer says managed assets up 2 pct in 2016 at 305 bln Sfr

May 19, 2016 5:22 AM

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ZURICH May 19 Swiss private bank Julius Baer said on Thursday its assets under management rose 2 percent to 305 billion Swiss francs ($308.7 billion) in the first four months of the year.

In an interim management statement, Switzerland's third-largest listed bank said net new money growth was below 3 percent, outside its medium-term target of between 4 percent and 6 percent on an annualised basis.

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