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Julius Baer 1H20 net profit hits record high but AUM dips 6% YTD

Amid challenging market environment and near-zero interest rates, Julius Baer recorded its highest net profit in history for 1H20 — a YoY increase of 34% — while its AUM slipped 6% YTD, on account of a negative market performance and the strengthening of the Swiss franc. The Swiss bank saw its operating income go up by 9% YoY to CHF…

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