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LLB Annual Report 2022 de

Assets under management

Information checkedInformation unaudited Information geprüft Information ungeprüft Assets under management

in CHF millions

31.12.2022

31.12.2021

+ / – %

Assets in own-managed funds

7'059

7'194

– 1.9

Assets with discretionary mandates

9'043

10'101

– 10.5

Other assets under management

67'824

74'597

– 9.1

Total assets under management

83'926

91'892

– 8.7

of which double counting

5'239

5'546

– 5.5

in CHF millions

2022

2021

Total assets under management as at 1 January 1

91'892

79'662

Net new money

3'609

7'212

Market and currency effects 2

– 11'574

5'018

Other effects (incl. reclassifications)

0

0

Total assets under management as at 31 December 1

83'926

91'892

1 Including double counting

2 Including interest and dividend income

Breakdown of assets under management

in per cent

31.12.2022

31.12.2021

By asset class

 

 

Equities

22

24

Bonds

17

18

Investment funds

33

35

Liquidity

22

19

Precious metals / others

5

4

Total

100

100

 

 

 

By currency

 

 

CHF

31

29

EUR

38

38

USD

24

26

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.