The Swiss private bank and asset manager Julius Bär will buy back its own shares for 400 million francs, equivalent to around 365 million euros. That was announced on Tuesday in a trade report.

The program is launched in November and runs until the end of February 2021. Julius Bär further stated that it currently has assets under management of 422 billion francs. In the past four months, the trend from the first half of the year continued, with a “solid influx” of money from Asia, Europe and the Middle East.

The so-called Kairos fund in Italy again saw an outflow of funds. This put pressure on the total inflow of new assets, whose growth was slightly below the 3% medium-term objective. A charge of EUR 90 million was taken on Kairos. Various asset managers left the fund in September and opened a new fund.

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