New money growth in annual terms remained above its set range between 4% and 6%.

Assets under management at the end of October were 393,000 million Swiss francs.

Swiss bank Julius Baer reported Monday that assets under management increased in the first ten months of the year helped by significant net inflows, positive market performance and currency effects.

Assets under management at the end of October were 393,000 million Swiss francs (393,900 million dollars), 17% higher compared to the first ten months of 2016. Julius Baer he said that the tickets were boosted by the strengthening of the euro in relation to the Swiss franc.

New money growth in annual terms remained above its set range between 4% and 6% thanks to particularly strong momentum in the emerging markets and the Asia-Pacific region.

The private Swiss bank said gross margin for the first ten months decreased to less than 90 basis points due to a reduction in income Foreign exchange operations since the end of June.