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LLB Annual Report 2021 de

Assets under management

Information checkedInformation unaudited Information geprüft Information ungeprüft Assets under management

in CHF millions

31.12.2021

31.12.2020

+ / – %

Assets in own-managed funds

7'194

6'350

13.3

Assets with discretionary mandates

10'101

8'795

14.9

Other assets under management

74'597

64'517

15.6

Total assets under management

91'892

79'662

15.4

of which double counting

5'546

5'039

10.1

in CHF millions

2021

2020

Total assets under management as at 1 January 1

79'662

76'322

Net new money

7'212

3'274

Market and currency effects 2

5'018

65

Other effects (incl. reclassifications)

0

0

Total assets under management as at 31 December 1

91'892

79'662

1 Including double counting

2 Including interest and dividend income

Breakdown of assets under management

in per cent

31.12.2021

31.12.2020

By asset class

 

 

Equities

24

22

Bonds

18

19

Investment funds

35

33

Liquidity

19

21

Precious metals / others

4

5

Total

100

100

 

 

 

By currency

 

 

CHF

29

31

EUR

38

39

USD

26

24

Others

7

7

Total

100

100

Calculation method

Assets under management comprise all client assets managed or held for investment purposes. Basically, these include all balances due to customers, fiduciary time deposits and all valued portfolio assets.

Also included are other types of client assets which can be deduced from the principle of the investment purpose. Custody assets (assets held solely for transaction and safekeeping purposes) are not included in assets under management.

Assets in own-managed funds

This item comprises the assets of the LLB Group’s own managed, collective investment funds.

Assets with discretionary mandates

Securities, value rights, precious metals, the market value of fiduciary investments with third parties and customer deposits are included in the calculation of assets with discretionary mandates. The figures comprise both assets deposited with Group companies and assets deposited with third parties, for which the Group companies hold a discretionary mandate.

Other assets under management

Securities, value rights, precious metals, the market value of fiduciary investments with third parties and customer deposits are included in the calculation of other assets under management. The figures comprise assets for which an administration or advisory mandate is exercised.

Double counting

This item comprises fund units in own-managed, collective investment funds which are contained in client portfolios with discretionary mandates and in other client safekeeping accounts.

Net new money

This position is composed of the acquisition of new clients, lost client accounts and inflows or outflows from existing clients. Performance related asset fluctuations, e.g. price changes, interest and dividend payments including interest, commissions and expenses charged to client accounts, are not regarded as inflows or outflows. Acquisition related changes to assets will also not be considered.

Other effects

In the year under report, no client / custody assets were reclassified.