Julius Baer, EFG report decline in structured products income

Julius Baer Group saw its assets under management (AuM) fall to CHF428 billion (US$453 billion) in the first half of 2022, a decrease of 11% year-on-year (YoY). The drop in AuM was driven by the significant corrections in global equity and bond markets in ‘one of the worst six-month periods for capital markets in decades', according to the bank’s interim presentation. The benefit from a rise in treasury swap income was more than offset by a decline in structured products-related i