Assets under management
Information unaudited Information ungeprüft Assets under management
|
in CHF millions |
31.12.2023 |
31.12.2022 |
+ / – % |
|
Assets in own-managed funds |
7'320 |
7'059 |
3.7 |
|
Assets with discretionary mandates |
9'053 |
9'043 |
0.1 |
|
Other assets under management |
70'554 |
67'824 |
4.0 |
|
Total assets under management |
86'927 |
83'926 |
3.6 |
|
of which double counting |
5'398 |
5'239 |
3.0 |
|
in CHF millions |
2023 |
2022 |
|
Total assets under management as at 1 January 1 |
83'926 |
91'892 |
|
Net new money |
1'381 |
3'609 |
|
Market and currency effects 2 |
1'611 |
– 11'574 |
|
Other effects (incl. reclassifications) |
9 |
0 |
|
Total assets under management as at 31 December 1 |
86'927 |
83'926 |
1 Including double counting
2 Including interest and dividend income
Breakdown of assets under management
|
in per cent |
31.12.2023 |
31.12.2022 |
|
By asset class |
|
|
|
Equities |
23 |
22 |
|
Bonds |
18 |
17 |
|
Investment funds |
32 |
33 |
|
Liquidity |
22 |
22 |
|
Precious metals / others |
5 |
5 |
|
Total |
100 |
100 |
|
|
|
|
|
By currency |
|
|
|
CHF |
31 |
31 |
|
EUR |
38 |
38 |
|
USD |
24 |
24 |
|
Others |
6 |
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 Groupʼs 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 reporting year, a net amount of CHF 9 million was reclassified from custody assets to client assets.