Bellevue reports a market-induced decline in net profit for the first half to CHF 14.3 mn

Client base stable thanks to acknowledged investment expertise
Client base stable thanks to acknowledged investment expertise
Almost every area of Bellevue’s business activities was exposed to the general market sell-off during the first six months of the year. This led to a market-induced decline in assets under management of more than CHF 2.8 bn during the reporting period. Alone the rate hike announced by the Swiss National Bank on June 16 lowered the valuation of assets under management by more than CHF 400 mn. Thanks to Bellevue’s proven investment expertise and the long-term horizons of its loyal and long-standing investors, the broadly diversified client base has so far remained very stable.