|
In connection with EFG International’s Annual General Meeting, which is being held today without shareholders being physically present, EFG is providing an update on its business performance in the first quarter of 2021.
In the first three months of the year, EFG’s Assets under Management1 grew by CHF 11.2 billion to reach an all-time high of CHF 170.0 billion at end-March 2021, up from CHF 158.8 billion at end-2020. This increase was driven by solid net new asset inflows, positive foreign exchange effects and favourable markets.
EFG recorded net new asset inflows of CHF 1.6 billion in the first quarter of 2021, corresponding to an annualised net new asset growth rate of 4%, at the lower end of its 4-6% target range. The Switzerland Italy Region...
|