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Investing.com -- Swiss investment house Vontobel on Thursday reported total net new money of CHF 3.2 billion for the first nine months of 2025, with strong inflows from private clients offsetting institutional outflows.
Assets under management rose 4.6 percent to CHF 239.7 billion at the end of September 2025, up from CHF 229.1 billion at year-end 2024.
The increase was driven by positive market performance adding CHF 15.3 billion, net new money of CHF 3.2 billion, and the integration of the IHAG client book worth CHF 1.8 billion, partially offset by negative foreign exchange effects of CHF 9.6 billion.
Private Clients posted strong inflows of CHF 4.7 billion, representing an annualized growth rate of 5.7 percent, which the company noted was at the upper end of its 4-6 percent growth target. These positive flows were recorded across all regions.
In contrast, Institutional Clients experienced net outflows totaling CHF 2.0 billion, with continued positive flows in Fixed Income being offset by outflows in Equities. The third quarter saw institutional outflows of CHF 0.2 billion.
By client segment, assets under management for Private Clients reached CHF 120.9 billion, up from CHF 110.6 billion at the end of 2024. Institutional Clients’ assets stood at CHF 111.3 billion compared to CHF 110.8 billion at year-end 2024.
Vontobel reported that client transactional activity during the first nine months of 2025 was broadly in line with the same period last year.
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