Brief: Vontobel Delivers Stable Result For Q1 Of 2023

Vontobel Holding AG

21/04/2023 06:04

April 21 (Reuters) - VONTOBEL HOLDING AG  VONN.S :
    * VONTOBEL DELIVERS STABLE RESULT FOR Q1 OF 2023
    * NET NEW MONEY OF CHF 1.4 BILLION IN WEALTH MANAGEMENT;
GROWTH OF
6 PERCENT, AT UPPER END OF VONTOBEL'S OWN TARGET RANGE
    * ASSET MANAGEMENT CLIENTS REMAINED ON SIDELINES RATHER THAN
REINVESTING OR MAKING NEW INVESTMENTS (CHF -1.8 BILLION)
    * ASSETS UNDER MANAGEMENT GREW BY CHF 7.3 BILLION
    * IN Q1 OF 2023, ASSETS UNDER MANAGEMENT INCREASED BY CHF
7.3
BILLION COMPARED TO END-2022 TO A TOTAL OF CHF 211.7 BILLION
    * HIS CORRESPONDS TO GROWTH OF 4 PERCENT, DRIVEN BY MARKET
PERFORMANCE (CHF 8.0 BILLION), FOREIGN EXCHANGE IMPACTS (CHF
-0.3 BILLION) AND NET NEW MONEY (CHF -0.4 BILLION)
    * IN TOTAL, VONTOBEL RECORDED NET NEW MONEY OF CHF -0.4
BILLION IN
FIRST THREE MONTHS OF 2023, AS INFLOWS AND OUTFLOWS WERE MORE OR
LESS BALANCED.
    * THE NET INFLOW OF NEW MONEY WAS CHF 2.2 BILLION,
CORRESPONDING
TO GROWTH OF 10 PERCENT
    * CEO - INVESTMENT ENVIRONMENT REMAINS CHALLENGING FOR OUR
CLIENTS
AND CONSEQUENTLY ALSO FOR VONTOBEL, GIVEN UNCERTAIN ECONOMIC AND
GEOPOLITICAL SITUATION

Further company coverage:  VONN.S 

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