LGT reports positive net asset inflows in H1 2019

LGT achieved a group profit of CHF155.6m and further expanded its client business in the first half of 2019. The results reflect solid revenue growth despite a subdued start to the year, as well as further investments in LGT's market presence. Net asset inflows were once again strong at CHF 5.8bn, corresponding to an annualized growth rate of 6%. Compared with the end of 2018, assets under management rose 8% to CHF 215.0bn. LGT is confident that it will continue to achieve profitable growth in the second half of 2019. Following a subdued start to 2019 characterised by market uncertain...