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LGT posts 8% YTD AUM growth despite “subdued” Q1

LGT’s organic and inorganic expansion in Asia underscored the bank’s continuing growth trajectory in the first half of 2019, with AUM rising year-to-date despite a “subdued” first quarter, the Liechtensteinian firm reported today. According to the bank’s 1H results, net asset inflows saw an annualised 6% rise to total CHF 5.8 billion, while AUM rose 8% compared to end-2018 to…

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