Internet revenue stood at CHF320m (£286m) within the first half of 2024, down by over 12% from the CHF366m (£327.1m) pulled in between January and June 2023.
Pictet’s senior managing companion Marc Pictet stated: “We skilled considerably decrease curiosity revenue as purchasers invested the next potion of their money positions in income producing belongings.”
Regardless of the autumn in income, the agency’s belongings beneath administration grew by 10% in comparison with the top of December 2023, rising to CHF694bn (£620.4bn).
Pictet AM unveils European blended mounted revenue fund
The senior managing companion added that the…
