Assets under management

(XLS:)

in CHF millions

31.12.2012

31.12.2011

+/– %

Assets in own-managed funds

3'896

3'583

8.7

Assets with discretionary mandates

7'709

7'549

2.1

Other assets under management

38'285

36'967

3.6

Total assets under management (incl. Double counting)

49'890

48'099

3.7

 

 

 

 

Of which double counting

3'513

3'184

10.3

 

 

 

 

Net new money

–392

572

 

Breakdown of assets under management

(XLS:)

in percent

31.12.2012

31.12.2011

By asset classes

 

 

Equities

20.6

21.3

Bonds

20.6

21.1

Investment funds

22.4

21.0

Liquidity

32.1

33.0

Precious metals / others

4.3

3.6

Total

100.0

100.0

 

 

 

By currencies

 

 

CHF

44.2

44.2

EUR

25.6

26.8

USD

22.0

21.5

Other

8.2

7.5

Total

100.0

100.0

Calculation method

Assets under management comprise all client assets managed or held for investment purposes. Ba sic ally, these include all balances due to customers, fiduciary time deposits and all valued portfolio assets.

Also included are other types of client assets, which can be deduced from the principle of the investment purpose. Custody assets (assets held solely for transaction and safe-keeping purposes) are not included in assets under management.

Assets in own-managed funds

This item comprises the assets of the LLB Group's own investment funds.

Assets with discretionary mandates

Securities, value rights, precious metals, the market value of fiduciary investments with third parties and customer deposits are included in the calculation of assets with discretionary mandates. The figures comprise both assets deposited with Group companies and assets deposited with third parties, for which the Group companies hold a discretionary mandate.

Other assets under management

Securities, value rights, precious metals, the market value of fiduciary investments with third parties and customer deposits are included in the calculation of other assets under management. The figures comprise assets, for which an administration or advisory mandate is exercised.

Double counting

This item comprises fund units in own-managed funds, which are contained in client portfolios with discretionary mandates and in other client safe-keeping accounts.

Net new money

This position is composed of the acquisition of new clients, lost client accounts and inflows or outflows from existing clients. Performance-related asset fluctuations, e. g. price gains, interest and dividend payments including interest, commissions and expenses charged to client accounts, are not regarded as inflows or outflows. No reclassification of custody assets shown as accounted for in client assets took place. In the year under report, CHF 104 million was reclassified from client assets to custody assets.

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