VIENNA (dpa-AFX) - Julius Baer Group (JBARF.PK, JBAXY.PK) announced, at the end of April 2016, its assets under management amounted to a record 305 billion Swiss francs, an increase since the end of 2015 of 2%.
Including a positive fair value adjustment of 39 million francs resulting from the recent acquisition of an additional 60.1% stake in Kairos, the gross margin over the first four months was 95 basis points. Excluding this adjustment, the gross margin recovered to 91 bps, an increase of 3 bps from the 88 bps reached in the second half of last year.
Julius Baer Group's detailed financial results for the first half of 2016 will be published on 25 July 2016.
Copyright RTT News/dpa-AFX