Vontobel (VONN) Q3 2026 TU earnings summary

Executive summary

• Assets under management reached a record CHF 255.1 billion at September 2026, up 6% from year-end 2025; reported 9M net new money was CHF 1.9 billion and adjusted net new money was CHF 8.4 billion.

Financial highlights

• AUM rose CHF 14.4 billion from year-end 2025, supported by CHF 1.9 billion net inflows, CHF 5.5 billion in FX effects and CHF 8.7 billion in market performance; other effects reduced AUM by CHF 1.6 billion.

• September AUM comprised CHF 136.6 billion in Private Clients and CHF 111.0 billion in Institutional Clients; totals include CHF 7.5 billion in Centers of Excellence/Reconciliation.

Segment performance

• Private Clients recorded CHF 3.8 billion net inflows in 9M, including CHF 1.3 billion in Q3, with positive flows in all regions.

• Institutional Clients recorded CHF 2.0 billion net outflows; adjusted net inflows were CHF 4.6 billion excluding CHF 5.1 billion outflows from Quality Growth and CHF 1.6 billion related to Raiffeisen mandate insourcing.

• Institutional Clients saw strong demand for fixed income products; adjusted net new money showed continued strength across all Private Client regions.