Swiss Life AM: Net new money inflows of over 6 billion
Swiss Life Asset Managers recorded net new money inflows of CHF 6.2 billion in the first half of 2019. This was announced by Swiss Life at the presentation of its half-year figures.
According to a statement from Swiss Life, Swiss Life Asset Managers increased assets under management for third-party clients by 12% to CHF 79.5 billion compared to year-end 2018.
Total income in this area increased byTP2T 181 to 385 million, of which 208 million came from third-party business. In the previous year, third-party business contributed 175 million. In addition to the operational growth, consolidation effects and the Acquisition of Beos last year contributed to the increase, the report continues. (ah)
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