Report
Elisabeth Rudman ...
  • Iason Kousantakis
  • Maria Rivas Escrigas

DBRS: Global Wealth Managers’ Activity Rebounded in 1H19

DBRS Ratings Limited (DBRS) published a new commentary on the major global Wealth Managers’ 1H19 performance.

DBRS views the global Wealth Management (WM) banks’ performance as improved in 1H19 as AuM valuations rebounded, after a particularly weak 4Q18 financial market performance. However, inflows of Net New Money (NNM), albeit positive, underperformed compared to the inflows achieved in 2H18.
• After a weak 4Q18, Wealth Management banks’ performance improved in 1H19 with revenues showing resiliency and AuMs growing steadily at all major banks.
• Net New Money inflows continued at all banks, albeit at a much slower pace than in previous reporting periods.
• As in 2H18, movement of AuMs to Deposits continued at some banks, as uncertainty surrounding the global economy and trade agreements have contributed to customers holding back from new investments.
Provider
DBRS Morningstar
DBRS Morningstar

DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.

Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.

Analysts
Elisabeth Rudman

Iason Kousantakis

Maria Rivas Escrigas

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