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Julius Baer hits NNM, exceeds cost/income targets

“Particularly strong” contributions to net new money (NNM) inflows from clients in Asia, the UK, and Germany have boosted Julius Baer’s assets under management (AUM), according to the pure play’s unaudited interim management statement for the first ten months of 2018. Annualised NNM remained “close to” 5% in spite of client deleveraging, hitting just below the mid-point of its medium-term…

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