Julius Baer Says Franc Strength Partly Offsets Inflows
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Julius Baer Group Ltd., the 121-year old Swiss wealth manager, said client inflows in the first four months of the year were partly offset by Swiss franc gains.
Assets under management rose 1.8 percent to 173 billion francs ($195 billion) from the end of 2010, the Zurich-based bank said today in a statement. Baer aims to boost assets to 200 billion francs over the next two years.