Vontobel Emerging Markets Fund Performance Declines after Departure of Key Personnel
Rajiv Jain was ex Vontobel Fund Manager and managed the emerging markets equity fund. The fund had excellent performance and was able to obtain billions in client assets. Due to his departure, the emerging markets equity fund had a performance of 5.2% so far this year.
The benchmark on the other hand, MSCI Emerging Markets Index increased by 14.8%. The volume of fund has also decreased. There was an outflow of $700 million in client assets in the fourth quarter.
News Source: Finews Asia
Vontobel (SWX:VONN) is an independent, family-owned Swiss Private Bank and stands for stability, financial strength and risk-conscious behaviour across generations. Established in 1924, the bank currently has operations in 22 locations worldwide. It provides Private Banking services for private clients, also Investment Banking and Asset Management services for institutional clients. For three years in a row (2014,2015,2016), Bilanz, the Swiss business magazine, awarded Vontobel the no. 1 ranking among all the private banks of Switzerland.
- Origin: Zurich, Switzerland
- Assets: CHF 17.6 billion
- Revenue: CHF 988.6 billion
- Employees: 1,500
Official Website : www.vontobel.com
News & Media: Press Release
Updated on 8th August 2016